Coinbase: crypto exchange will shut down Borrow program

The famous US crypto exchange Coinbase has announced the total closure of its Borrow service.  It had already suspended the disbursement of new loans in May, and by 20 November it wants all of them to be extinguished.  Crypto exchange Coinbase shuts down Borrow program Borrow was Coinbase’s program dedicated to retail customers that allowed them to obtain cash loans by giving Bitcoin as collateral. These were loans through which fiat currencies could be obtained in exchange for Bitcoin, with the possibility of getting back the BTC put up as collateral at the end of the loan simply by returning