Coinbase Launches Institutional Lending Service

Coinbase Launches Institutional Lending Service



Coinbase, a leading cryptocurrency exchange, has rolled out a lending service specifically for big institutional investors in the U.S. The move aims to fill the gap left by the bankruptcy of key players in this niche, as reported by Bloomberg. Regulatory filings reveal that $57 million has already been poured into this lending initiative via Coinbase Prime, a platform that caters to institutional clients for trading and asset custody.



In a recent statement, Coinbase mentioned that the new service allows institutions to lend their crypto assets to the exchange on standardized terms, under a product that falls under a Regulation D exemption. This enables Coinbase to further lend these funds to other institutional parties.



This launch comes on the heels of several high-profile failures in the lending sector last year, including


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#Blockchain, #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #Ethereum, #News, #Regulations

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