Share this article
Bitcoin Lending Platform BTCJam Stops Taking New US Customers
Bitcoin lending platform BTCJam is no longer taking new US customers, citing uncertainty around regulation in the country.
By Stan Higgins
Updated Sep 11, 2021, 12:10 p.m. Published Mar 11, 2016, 7:17 p.m.
Bitcoin lending platform BTCJam is no longer taking new US customers, citing uncertainty around regulation in the country.
According to BTCJam founder and CEO Celso Pitta, the platform will no longer allow for the creation of new accounts from the US.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
While existing users can still access their accounts, receive or make payments on loans and process withdrawals, affected account holders won’t be able to issue new loans.
Pitta said that the move was driven by regulatory issues in the US, echoing a message posted to the BTCJam website and circulated on social media earlier today that described the decision to restrict new US accounts as "difficult".
He told CoinDesk:
"Our mission has always been to provide access to credit in developing countries. We decided to focus solely on that mission until there is more clarity around bitcoin regulation in the US."
The move to start pulling back from servicing US customers is reminiscent of decisions made by some bitcoin exchanges in the wake of the passage of the BitLicense, the licensure framework put in place by New York financial regulators last year.
At the time, a number of bitcoin firms publicly denounced the BitLicense and declared their intention to stop serving New York customers.
Disclaimer: CoinDesk is a subsidiary of Digital Currency Group, which has an ownership stake in BTCJam.
Stop signs via Shutterstock
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
These Three Metrics Show Bitcoin Found Strong Support Near $80,000
Onchain data shows multiple cost basis metrics confirm heavy demand and investor conviction around the $80,000 price level.
What to know:
- Bitcoin rebounded from the $80,000 region after a sharp correction from its October all time high, with price holding above the average entry levels of key metrics.
- The convergence of the True Market Mean, U.S. ETF cost basis, and the 2024 yearly cost basis around the low $80,000 range highlights this zone as a major area of structural support.
Top Stories
