Coinbase to Stop New Loans Against Bitcoin in Borrow Service
- Firm says Coinbase Borrow new loans to cease effective May 10
- Coinbase to report earnings May 4 amid regulatory uncertainty
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Coinbase Global Inc., the largest US crypto exchange, will stop issuing new loans through a service that lets people borrow against Bitcoin.
New loans via the service, Coinbase Borrow, will cease effective May 10, the company said in a statement late Wednesday. There is no impact on customers’ outstanding loans, the firm added.