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Sunday, December 22, 2024
More
    bitcoin
    Bitcoin (BTC) $ 96,340.81
    ethereum
    Ethereum (ETH) $ 3,333.59
    tether
    Tether (USDT) $ 0.999995
    bnb
    BNB (BNB) $ 656.60
    usd-coin
    USDC (USDC) $ 1.00
    xrp
    XRP (XRP) $ 2.21
    binance-usd
    BUSD (BUSD) $ 1.00
    dogecoin
    Dogecoin (DOGE) $ 0.312051
    cardano
    Cardano (ADA) $ 0.890789
    solana
    Solana (SOL) $ 180.89
    matic-network
    Polygon (MATIC) $ 0.470499
    polkadot
    Polkadot (DOT) $ 6.92
    tron
    TRON (TRX) $ 0.244444
    HomeFinanceCoinbase will cease issuing new Bitcoin-backed loans by means of the Borrow...
    Finance

    Coinbase will cease issuing new Bitcoin-backed loans by means of the Borrow service

    Forex Crypto Zone
    By Forex Crypto Zone

    Crypto alternate Coinbase (NASDAQ:) is stopping issuing new loans by means of its Borrow service, a product that allowed some US clients to deposit crypto as collateral to obtain a money mortgage.

    In an electronic mail despatched to Coinbase Borrow clients on Might 3 that was share by recipients on Twitter, the alternate mentioned – with out giving a purpose – that beginning Might 10, clients would not be capable to take out new loans utilizing Coinbase Borrow.

    A screenshot of the e-mail despatched to Coinbase clients notifying them that the brand new Borrow loans will finish on Might 10. Supply : Twitter

    Proceed studying on Coin Telegraph

    See also  MakerDAO transfers $500 million to Coinbase Custody
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