Coinbase now offering crypto lending service to US institutional investors

Hanno Labuschagne

Journalist
Staff member
Joined
Sep 2, 2019
Messages
5,728
Reaction score
4,020
Coinbase now offering crypto lending service to US institutional investors

Coinbase Global Inc. has started a crypto lending service for US institutional investors, seeking to capitalise on the vacuum left after the collapse of firms such as BlockFi Inc. and Genesis Global Holdco.

Customers of the largest US crypto exchange’s Prime service have already invested $57 million in the lending program, according to a recent filing with the US Securities and Exchange Commission.

[Bloomberg]
 
Top
Sign up to the MyBroadband newsletter