From one request
to agreed terms.
Post your position, reach the lender panel, and use market feedback to move toward a close.
Request status
How many desks hold it, what has come back, and the reason behind every pass.
Illustrative request and lender responses.
Market convergence
- Permitting rehypothecation brings in six more desks, and the rehypothecated quotes returned average 1.4 points below the pledged ones.
- Three desks cap tenor at six months. Shortening from twelve opens all three.
- Taking $18M instead of $25M puts you at 45% LTV, where two more will quote.
- Two desks lend only against collateral at their own custodian. That is a transfer, not a negotiation.
- Accepting programmatic terms brings in a desk that bids in minutes rather than days, against collateral it never rehypothecates.
Use the market’s feedback to find a path to close.
Minted’s AI engine aggregates lender quotes and suggests adjustments to your request. Compare the trade-offs, shape a counteroffer, and agree terms directly with your chosen lender.
| Counterparty | Status | Detail | Elapsed |
|---|---|---|---|
| Prime broker | Quoted | 50% LTV · 48h cure · segregated | 2h 14m |
| Credit fund | Quoted | 60% LTV · 5d cure · rehypo required | 6h 02m |
| Family office | Quoted | 45% LTV · 72h cure · segregated | 1d 03h |
| Prime broker | Reviewing | Credit committee, Thursday | 4h 41m |
| Family office | Reviewing | Requested the collateral assessment | 8h 20m |
| Digital asset lender | Reviewing | Awaiting custody confirmation | 1d 11h |
| Prime broker | Passed | Below minimum ticket | 3h 08m |
| Credit fund | Passed | No capacity this quarter | 5h 55m |
| Prime broker | Passed | Segregated structure not offered | 1h 32m |
| Family office | Passed | Tenor beyond their limit | 9h 17m |
| Digital asset lender | Passed | Custody requirement mismatch | 2d 04h |
| Programmatic desk | Quoted | 55% LTV · 48h cure · not rehypothecated | 00h 02m |
Collateral assessment
Bitcoin (BTC) · $25M position · as of 13 Sept 2026, 05:24 UTCIndependent liquidity analysis from consolidated market data, delivered to the lender with the request.
Price move if the whole position were sold at once
Struck against $30.45B of 30 day average daily volume at 2.30% daily volatility, on the square root impact model. Worked instead of taken at once, the same position clears in 1 session. These are alternatives, not both.
Depth measured across 89 venue pairs. Price is the median of 5 venues, 0.03% apart.
| Window | Largest fall | Cost on loan | Days below the pre-fall price |
|---|---|---|---|
| 24 hours | -14.1% 2026-02-04 | -$2.1M | 40 d to $73,059 |
| 48 hours | -17.0% 2026-02-03, 2d | -$2.5M | 73 d to $75,628 |
| 3 business days | -20.2% 2026-02-02, 3d | -$3.0M | 89 d to $78,671 |
| 5 business days | -25.8% 2026-01-29, 7d | -$3.9M | not regained to $84,630 · low $62,778 · 227d seen |
| 30 days | -35.2% 2026-01-14, 22d | -$5.3M | not regained to $96,899 · low $62,778 · 242d seen |
Every row below describes the same selloff, which bottomed on 2026-02-05 at $62,778. The rows differ in how far back each window reaches to find its starting price, not in how many times a fall like this happened.
The furthest price fell inside a window of that length, and what the move is worth against a $15.0M facility. Falls only: a secured lender's payoff is capped at principal and interest, so collateral appreciation accrues to the borrower. Rises are in the occurrence table below.
The last column is how long the fall spent below the price it fell from, counted from the day it began. Each row climbs back to its own pre-fall price and those differ, so the target is printed beside the count: without it a later window that started lower clears its bar sooner and reads as a faster recovery.
Falls of 10% against the rises that reverse them, +11.1%. Over the same 366 days the price fell 33.4%.
| Cure window | -10% occurrences | +11.1% occurrences |
|---|---|---|
| 24 hours | 1 | 1 |
| 48 hours | 2 | 2 |
| 3 business days | 5 | 2 |
| 5 business days | 7 | 3 |
| 30 days | 11 | 9 |
The 30 days row counts 11 falls, 6 of them inside sustained declines and counted separately, because a borrower called at each step faces a fresh cure period.
The rise column is counted at +11.1%, the move that reverses a 10% fall. Counts are frequency, not direction.
Written at 60% LTV against this position.
| Level | Fall needed | Times reached | Recovered | Average after |
|---|---|---|---|---|
| 70% LTV | -14.29% | 32(6.4/yr) | 30 | +4.9% |
| 85% LTV | -29.41% | 7(1.4/yr) | 7 | +4.6% |
| 100% LTV Break even | -40.00% | 4(0.8/yr) | 3 | +10.8% |
| 125% LTV | -52.00% | 2(0.4/yr) | 1 | -22.9% |
Reached counts falls from a running high on daily closes. Intraday lows are not counted, so a level touched and closed above inside a session does not appear here even though a live call would have fired. Recovered means price traded back to that level within 90 days. Average after is where price stood at the end of that window. Falls too recent to have 90 days behind them are left out rather than counted as failures. Repeated falls inside one decline are counted separately, so these are not independent events. 100% is where the collateral stops covering the loan; it is not a liquidation trigger.
Depth is the dollars required to move price 2% downward on the bid across cash venues. Volume is reported across all venues, centralised and on-chain. Price history is measured on daily closes. Figures refresh every 15 minutes and carry the time shown above; they are not a live tick.