Coinbase has launched a new crypto lending service, allowing users to borrow cash by pledging their cryptocurrency as collateral.
This service is available to U.S. customers and supports several major cryptocurrencies, including Bitcoin and Ethereum.
Coinbase’s lending service offers competitive interest rates and is designed to attract both retail and institutional investors seeking to leverage their crypto holdings without selling them.
However, this move comes at a time when the company is under scrutiny from U.S. regulators, particularly the SEC, which has expressed concerns over the classification and regulation of such products. Despite these challenges, Coinbase is pushing forward with its expansion into financial services, aiming to offer a comprehensive suite of crypto-related products.
