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

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

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.