Crypto Biz: Coinbase’s lending bet, a new ads policy at Google and Marathon’s mining performance
Cointelegraph
Published Sep 08, 2023 05:30PM ET
Updated Sep 09, 2023 07:20PM ET
Crypto giant Coinbase (NASDAQ:COIN) seems to be strategically steering its ship amid constant crypto industry turbulence in 2023. The company recently unveiled its lending platform for institutional investors, aiming to fill the void left behind by major players during 2022’s crypto winter when firms such as Celsius Network, BlockFi and Genesis went bankrupt.
The move comes after the company shut down its Borrow service for retail customers in May amid regulatory scrutiny. The service allowed certain customers to use crypto as collateral to receive a cash loan. The new lending solution, however, focuses on institutional investors — companies or organizations investing on behalf of their clients, such as mutual funds and pension plans.
h3 Coinbase launches crypto lending platform for U.S. institutions/h3Continue Reading on Coin Telegraph
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Written By: Cointelegraph
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