‘Coinbase Borrow’, will be shut down, according to Coinbase

The borrowing service offered by the cryptocurrency exchange Coinbase, Coinbase Borrow, has just stated that it would no longer be accepting new loan applications.

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The cryptocurrency exchange, however, reassured its customers that there would be no impact on their current loan amounts.

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This information is released at a time when Coinbase and the SEC in the US are still in conflict. The crypto trading platform and the securities regulators have filed lawsuits.

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