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Cryptocurrency News

Coinbase to Stop Issuing New Bitcoin-Backed Loans via Its Borrow Service
By • 3 mins read
Bitcoin News, Blockchain News, Cryptocurrency News, News

Coinbase to Stop Issuing New Bitcoin-Backed Loans via Its Borrow Service

By • 3 mins read

The reason behind the exchange’s decision is not clear. According to those familiar with the matter, closing the service is not linked to the scrutiny from SEC which has alleged that Coinbase was offering and trading unregistered securities, thereby violating federal securities laws.