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Bitcoinist
2023-05-04 15:30:30

Coinbase Discontinues Lending Program Amid Regulatory Scrutiny

Coinbase Discontinues Lending Program Amid Regulatory Scrutiny

The largest US crypto exchange Coinbase released a statement on Wednesday disclosing the halt of Coinbase Borrow, a service that allows the exchange to issue cash loans to US customers as they post BTC as collateral. The firm plans to stop issuing the new Bitcoin-backed loans effective on May 10. It added that the action

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