New Crypto Lending Service from Coinbase
Coinbase moved towards a new service for institutional investors that will be the launch of a new service, focused on crypto lending.
The service of crypto lending gave the chance to crypto holders to put their cryptos as collateral and lend an X amount with the respective interest.
The new service of Coinbase will address to institutional investors and will allow them to put their cryptos on work and leverage them for other activities.
This move is coming to fill the gap in the market, after the collapses of Genesis and BlockFi. Indeed, Coinbase had invested more than $57 million in the venture, according to the filed documents in the SEC.
From the first steps, analysts saw that there is over-collateralization in lending programs to ensure that there is enough capital security.
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