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Coinbase to allow Bitcoin loans to US-based consumers

Monday 17 August 2020 12:40 CET | News

US-based digital asset exchange Coinbase has announced plans to offer crypto loans to consumers interested in purchasing and selling cryptocurrency.

The exchange is now providing investing tools for dollar-cost averaging, crypto market statistics for tradable digital assets, and supports 24 assets for trading. The Coinbase team noted that they’ve added support for stablecoins USDC and Dai, which may be used to earn passive returns when held or custodied with Coinbase.

US-based Coinbase customers (in eligible states) have been invited to join the waitlist so that they can potentially borrow as much as 30% of their Bitcoin (BTC) holdings. Customers may sign up and then get the cash they want directly in their accounts within 2–3 days, according to crowdfundinsider.com.

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Keywords: Coinbase, Bitcoin, BTC, loans, US, United States, digital asset exchange, crypto exchange, cryptocurrency, investing tools, crypto market statistics, tradable digital assets, stablecoins, USDC, Dai, passive returns
Categories: Blockchain & Cryptocurrencies | Cryptocurrencies
Countries: United States
This article is part of category

Blockchain & Cryptocurrencies