#coinbase borrow

The crypto lending market took a severe hit last year after the collapse of big players like Genesis Global, BlockFi, and others. Coinbase Global seems to capitalize on this void in the markets and has launched its own crypto lending service for US-based institutional investors. As per the recent filing with the U.S. Securities and The post Coinbase Launches Crypto Lending Services for US-based…

In the latest development, crypto exchange Coinbase (NASDAQ: COIN) has decided to suspend issuing any further new loans previously offered through its borrowing service Coinbase Borrow. In a statement on Wednesday, May 3, Coinbase stated that the service will cease to exist starting from May 10. However, the crypto exchange stated that there would be no impact on the customers’ outstanding loans.…

The service allows users to borrow up to $1 million with no credit check, provided they post Bitcoin as collateral.