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TechFlow news: Coinbase announced it will shut down its retail-focused Bitcoin lending service, Coinbase Borrow, on November 20. Users must repay outstanding balances by that date; otherwise, the exchange will sell Bitcoin collateral to settle the loans. This requirement applies only to retail users, while institutional users are unaffected.
Coinbase announced it will shut down its retail-focused Bitcoin lending service, Coinbase Borrow, on November 20. Retail users must repay their outstanding balances by that date; otherwise, the exchange will sell their Bitcoin collateral to settle the loans. This requirement applies only to retail customers—institutional users are unaffected.
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