Coinbase has quietly launched an institutional-grade crypto lending platform, Coinbase Prime, raising $57 million from the offering in a few days.
Cryptocurrency exchange Coinbase has rolled out a crypto lending service for institutional investors in the United States, reportedly aiming to capitalize on massive failures in the crypto lending market.an institutional-grade crypto lending platform, Coinbase Prime, to U.S. investors, according to a Bloomberg report on Sept. 5. Coinbase Prime is a full-service prime brokerage platform that lets institutions execute trades and custody assets.
“With this service, institutions can choose to lend digital assets to Coinbase under standardized terms in a product that qualifies for a Regulation D exemption,” the firm reportedly said in the statement. According to a filing with the U.S. Securities and Exchange Commission, Coinbase customers have already
$57 million in the lending program since the date of the first sale that occurred on Aug. 28. The offering had attracted five investors as of Sept. 1.Coinbase did not immediately respond to Cointelegraph’s request for comment.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Coinbase Creates New Crypto Lending Service Geared Toward Large InvestorsCoinbase (COIN) raised $57 million for the platform as of Sept. 1, according to an SEC filing.
Weiterlesen »
Coinbase creates crypto lending service for institutional clients: CoinDeskCoinbase has raised $57 million for a new crypto lending service aimed at lending digital assets to institutional trading clients.
Weiterlesen »
XRP breaks resistance at $0.50, lawyers discuss settlement with SEC in light of Coinbase lawsuitXRP price has tackled resistance at $0.50, as bulls take charge of pushing the altcoin higher. Two key market movers are the likelihood of a settlemen
Weiterlesen »
300,000 ETH Moved to Coinbase, Here's What Happened NextClose to half a billion USD have been transferred to Coinbase exchange as on-chain transaction volume spikes to highest point since June
Weiterlesen »
Coinbase increases bond buyback program to $180 millionCoinbase's offer to buy back bonds from investors has swung from generating limited interest to more than previously hoped.
Weiterlesen »
Coinbase to upsize debt repurchase by $30MThe notes are currently trading at a 32.5% discount to par value.
Weiterlesen »