April 25, 2024

Coinbase Presents New Product - Loans Up To $ 1 Million With BTC Deposit

Global Cryptocurrency MarketCoinbase has launched a new Bitcoin (BTC) base product, which is openClients in the U.S.borrow up to $ 1 million in cash on deposit of bitcoins.

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The company has reported about this in its Twitter account.

Tweet is under active discussion, and manythe participants of the site highly appreciated the new function. In fact, Coinbase has created a precept that other cryptocurrencies may follow in the future.

Some remain unhappy with this news, since they believe that the borrowing will work against the bitcoin and will call the alcohols.

Either way, the new borrowing functionwill allow the owners of bitcoins in some US states to take free loans and pay 8% per annum without checking credit. In the meantime, the user's cryptocurrency will be reliably stored on Coinbase.

Coinbase is constantly working on the creation ofa comfortable environment for their customers. Soon the company will launch its own NFT-platform, at the current moment the Coinbase card has already been released, which will allow to receive various awards.

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