By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Sign In
Web3,Blockchain & Metaverse Education Media PlatformWeb3,Blockchain & Metaverse Education Media PlatformWeb3,Blockchain & Metaverse Education Media Platform
  • Home
    • About us
    • About Hinza Asif
  • News
    • Cryptopedia
      • Blockchain News
      • Bitcoin News
      • Ethereum News
      • Altcoin News
    • Latest Metaverse & NFT News
      • Metaverse & NFT Games
      • Virtual Land
    • Exchanges News
    • Policy & Regulation
    • Web Stories
  • Press Release
    • Sponsored Article
    • Submit Press Release
  • Interviews
  • Expert Alliance
    • About Expert Alliance
    • Expert Alliance Benefits
    • Experts List
    • Apply for Expert Alliance
  • Guide
    • NFT Review
    • Game Review
    • Submit NFT Project
  • Videos
  • Events
    • Event List
Search
  • Advertise with us
  • Media Kit
  • 365 Media Plan
  • Submit Press Release
  • Submit NFT Project
© 2022 NFTStudio24.com News Network. All Rights Reserved.
Reading: Coinbase Ends New Bitcoin-Backed Loans via Borrow Service
Share
Web3,Blockchain & Metaverse Education Media PlatformWeb3,Blockchain & Metaverse Education Media Platform
Search
  • Home
    • About us
    • About Hinza Asif
  • News
    • Cryptopedia
    • Latest Metaverse & NFT News
    • Exchanges News
    • Policy & Regulation
    • Web Stories
  • Press Release
    • Sponsored Article
    • Submit Press Release
  • Interviews
  • Expert Alliance
    • About Expert Alliance
    • Expert Alliance Benefits
    • Experts List
    • Apply for Expert Alliance
  • Guide
    • NFT Review
    • Game Review
    • Submit NFT Project
  • Videos
  • Events
    • Event List
Have an existing account? Sign In
Follow US
  • About us
  • Advertise with us
  • Submit NFT Project
  • Careers
  • Contact us
  • Privacy Policy
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
HOME > News > CRYPTOPEDIA > BITCOIN NEWS > Coinbase Ends New Bitcoin-Backed Loans via Borrow Service
BITCOIN NEWSEXCHANGESNews

Coinbase Ends New Bitcoin-Backed Loans via Borrow Service

Editorial
Last updated: 2023/05/14 at 4:34 PM
By Editorial Published May 4, 2023 2k Views 2 Min Read
Share
Coinbase Ends New Bitcoin Backed Loans via Borrow Service
SHARE

One of the biggest cryptocurrency exchanges in the world, Coinbase, has announced that it would stop offering new loans secured by bitcoin through its Borrow program. Users were formerly able to borrow money from the firm using their bitcoin as security, however this option is no longer accessible.

In a formal declaration, Coinbase stated that it will discontinue making loans on September 30, 2023. Users who have already borrowed money using their bitcoin as collateral must repay it before that date. Those who are unable to pay back their loans by then will automatically have their collateral sold to pay the remaining balance.

It is not altogether shocking that Coinbase’s Borrow service is ending. The cryptocurrency market has experienced severe price volatility and a steep fall in trading volume over the past year. Since many investors had to liquidate their holdings, they were reluctant to take on additional debt.

Coinbase will continue to provide other services, like as its wallet and trading platform, in addition to its recently introduced Coinbase One membership package. Users who could be affected by the termination of the Borrow service are urged to get in touch with Coinbase support for further details on how to pay back their loans.

Sign Up For Daily NFT Drops

Don't miss the next NFT drops!!!
I have read and agree to the terms & conditions
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Twitter Whatsapp Whatsapp Copy Link
What do you think?
Love0
Sad0
Happy0
Sleepy0
Angry0
Dead0
Wink0
Previous Article Istanbul Blockchain Week set to return in August for largest Turkish web3 event of 2023 Istanbul Blockchain Week set to return in August for largest Turkish web3 event of 2023 
Next Article The Evolution of the Everything App from Dogecoin to Twitter The Evolution of the Everything App from Dogecoin to Twitter
Leave a comment

Leave a Reply

You must be logged in to post a comment.

Don’t miss the NFT Drops! Sign up Now

I have read and agree to the terms & conditions

Latest Tweet

Tweets by nftstudio24
Join us
Ad imageAd image

Latest News

H3E Joins Forces at The EDGE Summit
H3E Joins Forces at The EDGE Summit: Pioneering Innovation in Entertainment Technology
PRESS RELEASE WEB3 September 25, 2023
Future Blockchain Summit Announces the 1inch Network as its 2023 Headline Sponsor
Future Blockchain Summit Announces the 1inch Network as its 2023 Headline Sponsor
PRESS RELEASE September 22, 2023
Partnerships Announced at Climate Chain Coalition Press Conference at UNFCCC Conference in Bonn
Partnerships Announced at Climate Chain Coalition Press Conference at UNFCCC Conference in Bonn
PRESS RELEASE September 21, 2023
//

NFTStudio24 delivers the latest NFT news to its global audience. We are committed to reporting mainstream and emerging talent via exclusive press releases, podcast interviews, NFT rankings, and much more.

GET IN TOUCH

  • About us
  • Advertise with us
  • Submit NFT Project
  • Careers
  • Contact us
  • Privacy Policy

Experts Alliance

  • Experts Alliance
  • About Alliance
  • Alliance Benefits
  • Membership requirements
  • Apply Alliance
//

Subscribe to our newsletter to get our newest articles instantly!

I have read and agree to the terms & conditions
Web3,Blockchain & Metaverse Education Media PlatformWeb3,Blockchain & Metaverse Education Media Platform
Follow US
© 2022 NFTStudio24.com News Network. All Rights Reserved.
Join us metaverse Join us metaverse
Welcome Back!

Sign in to your account

Lost your password?