Bitcoin

Coinbase is taking advantage of the crypto lending market after big players like BlockFi and Genesis Global exited the scene.Last year, the crypto lending market faced challenges when big players like Genesis Global and BlockFi ran into trouble. Coinbase saw an opportunity and has now launched its own <a href="https://cryptosheadlines.com/bitget-introduces-new-crypto-lending-service/" rel="noopener noreferrer nofollow">crypto lending service</a> for institutional investors in the United States.According to a recent filing with the U.S. <a href="https://cryptosheadlines.com/okx-cryptocurrency-exchange-enhances-customer-security-with-advanced-proof-of-reserves-technology/" rel="noopener noreferrer nofollow">Securities and Exchange</a> Commission (SEC), customers of Coinbase Prime, the exchange’s full-service Prime brokerage platform, have already invested over $57 million in this lending program. Coinbase Prime <a href="https://cryptosheadlines.com/nigerias-securities-regulator-considers-allowing-tokenized-assets-like-equity-and-property-but-not-cryptocurrency/" rel="noopener noreferrer nofollow">allows institutions to trade and secure assets</a>.<blockquote>In a statement, Coinbase explained, “With this service, institutions can choose to lend digital assets to Coinbase under standardized terms, which qualifies for a Regulation D exemption.”</blockquote>On the same day, Coinbase also announced a $180 million bond buyback program. Initially, they started with a $150 million cap, but due to increased interest, they expanded the total amount allocated for <a href="https://cryptosheadlines.com/coinbase-introduces-crypto-lending-for-us-institutional-investors/" rel="noopener noreferrer nofollow">Read More...</a>

Coinbase Introduces Crypto Lending for US Institutional Investors

CryptosHeadlines.com

Other articles published on Sep 6, 2023

Bitop Exchange Launches Enhanced Crypto, Stocks,Commodities, and Binary Solutions (6 Sep)

Ark Files for the First Spot Ether ETF

Cardano’s ADA is Set For a Potential Bull Run: Technical Analyst

SHIB and BONE Show Bullish Indicators Putting Sensei Inu (SINU) In a Good Position

Crypto Spot Trading to Cease at Genesis Global Trading - What's happening?

$691,000 PERP Deposit by Perpetual Protocol Foundation Amid 31% Price Surge: Traders React

Join our free newsletter for daily crypto updates!