KNOWLEDGE is POWER / REAL NEWS is KEY
New York: Monday, October 02, 2023
© 2023 U-S-NEWS.COM
Online Readers: 312
New York: Monday, October 02, 2023
Online: 321
Join our "Free Speech Social Platform ONGO247.COM" Click Here
tagreuters.com2023binary_LYNXMPEJ840XD-BASEIMAGE

MONEY & BUSINESS: Coinbase to launch new lending platform aimed at large institutional investors – One America News Network

Website 👉 https://u-s-news.com/
Telegram 👉 https://t.me/usnewscom_channel

By Jaiveer Shekhawat

(Reuters) – Crytocurrency exchange Coinbase Global is launching a digital asset lending platform aimed at large institutional investors, a company spokesperson told Reuters on Tuesday.

Advertisement

Google Ad
Google Ad

Coinbase has raised $57 million for its new crypto-lending platform, a regulatory filing showed.

The crypto industry, which was reeling from several high profile failures, got a boost last week after a three-judge panel ruled that the Securities and Exchange Commission (SEC) was wrong in rejecting Grayscale’s proposed bitcoin ETF without explaining its reasoning.

Coinbase last month had secured approval to offer cryptocurrency futures to U.S. retail customers, scoring a major regulatory win.

(Reporting by Jaiveer Singh Shekhawat in Bengaluru; Editing by Shailesh Kuber)





Source link

(Visited 1 times, 1 visits today)
OnGo247
New 100% Free
Social Platform
ONGO247.COM
Give it a spin!
Sign Up Today
OnGo247
New 100% Free
Social Platform
ONGO247.COM
Give it a spin!
Sign Up Today