Coinbase Shuts Down Its Borrowing and Lending Division

Coinbase Borrow – the official lending protocol of Coinbase, one of America’s largest and most popular digital currency trading platforms – has ceased all operations. Coinbase Borrow Closes Its Doors Permanently The end for Coinbase Borrow arrived on May 10. This was the last day on which customers could take out loans. Those who received loans prior to the set date were told their financials wouldn’t be affected. This was simply the cut-off date for all new lending customers. At the time of writing, despite the exchange being under heavy scrutiny from institutions like the Securities and Exchange Commission (SEC),