Cryptocurrency Q&A
Will Coinbase lend or use collateralized bitcoin?
Will Coinbase lend or use collateralized bitcoin?
Giulia
Thu Jul 18 2024
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5 answers
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Could you elaborate on the current position of Coinbase with regard to the possibility of lending or utilizing collateralized bitcoin? I understand that as a major player in the cryptocurrency space, Coinbase has the potential to offer various financial services. However, given the volatile nature of bitcoin and the associated risks, I'm curious to know if Coinbase has any plans or intentions to engage in lending activities using bitcoin as collateral. Would such a move be in line with Coinbase's overall strategy and risk management practices?
5 answers
Elena
Fri Jul 19 2024
BTCC, a UK-based cryptocurrency exchange, offers a comprehensive range of services. These include spot trading, futures trading, and digital wallet management.
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Tommaso
Fri Jul 19 2024
Coinbase has announced its intention to refrain from lending or utilizing the collateralized bitcoin in its possession.
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CryptoTamer
Fri Jul 19 2024
Instead, the company intends to maintain its holdings of the digital asset, adhering to a policy of strict custody.
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OceanSoul
Fri Jul 19 2024
This decision comes in the wake of Coinbase's earlier abandonment of plans for a crypto lending product.
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Daniele
Fri Jul 19 2024
The U.S. Securities and Exchange Commission had raised concerns regarding such a product, leading Coinbase to reassess its strategy.
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