Coinspeaker
Coinbase to Launch Crypto Lending Service for Institutional Clients
Coinbase has announced that it is working on a crypto lending service for institutional clients in the United States. A September 1 filing with the US Securities and Exchange Commission (SEC) shows that the company has already raised $57 million to go towards the project.
The service would help fill the hole left in the market after the implosion of major crypto lenders like Genesis and BlockFi last year. The exchange reportedly plans to enable clients to lend it money – mainly crypto assets – and hold on to collateral exceeding the value of the loan. In similar fashion to the prime brokerage service offered by banks, Coinbase will then be able to make secured loans to its institutional trading clients.
This new service is not to be confused with the Lend program that was scraped in September 2021 before its launch after the SEC said the product was a security. The regulator was not satisfied with the
We współpracy z: https://www.coinspeaker.com/coinbase-crypto-lending-institutional/
