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Coinbase to allow users to borrow up to $1 million
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Could crypto exchanges be the new banks or money lenders? When Coinbase tried to launch its high-interest crypto “Lend” product, the SEC hit them with a Wells Notice. Coinbase later dropped the plan without much fanfare. However, a recent development signaled that the exchange might be trying something new once more.
On 3 November, Coinbase announced that some customers would be able to borrow up to one million dollars from the exchange itself.
<p lang=«en» dir=«ltr» xml:lang=«en»>Big news for the #BTC set …We’re excited to announce that eligible customers can now borrow up to $1 Million USD from Coinbase.
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