Coinbase Starts Crypto Lending Service for US Institutional Clients
As per the recent filing with the U.S. Securities and Exchange Commission (SEC), customers of the Coinbase Prime service have already invested more than $57 million in the lending program. Coinbase Prime is the exchange’s full-service Prime brokerage platform allowing institutions to execute trade and custody assets. In a statement on Tuesday, the crypto exchange said: advertisement “With this service, institutions can choose to lend digital assets to Coinbase under standardized terms in a product that qualifies for a Regulation D exemption”. The development comes on the same day that Coinbase announces its $180 million bond buy-back program. Coinbase initially introduced its bond buyback initiative with a set cap of $150 million. Initially receiving a tepid response, the company has opted to expand the total amount allocated for repurchasing 2031 bonds to a significant $180 million. Coinbase and Crypto Lending Coinbase has previou...