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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]
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]