Coinbase CFO “Coinbase loan business can be added with Ethereum (ETH) collateral”
Grayscale applies for an investment trust’digital large cap fund’ containing 5 cryptocurrencies to the SEC
May 15, 2021Square Chief Investment Officer “Currently, there are no plans to buy more bitcoins”
May 15, 2021According to Chain News on the 14th (local time), Coinbase’s Chief Financial Officer (CFO) Alesia Haas said, “As part of a strategy for Coinbase to expand its lending business, Ethereum (ETH) in the near future. You can also add it as collateral.”
“We hope that the company will be able to expand its collateral coverage to Ethereum within the next few months or quarters,” Haas said.
Coinbase began its lending business in the fourth quarter of 2020, and began expanding its business in the first quarter of this year. In the long run, Coinbase’s goal is to expand the project to include multiple assets in the loan, expand more foreign markets, and increase the balance of the loan.
※ Coincode, a simple personal blog, is a paraphrase & reference from overseas news. Coin codes are not based on facts, and there may be misinterpretations. Therefore, the coin code cannot be used as a basis for investment judgment. Note please. For quick news, please use Twitter or Medium for each coin.
[Coincode (coincode.kr), if you share, please leave the source. ]
The post coin base CFO “coin-based lending business may be added to the Leeum Ethernet (ETH) mortgage” appeared on FIRST coin code .
Disclaimer: The content of the “Coin Code Spot” section is one source that is provided after translation into Korean or English, and is composed based on a reliable reporter, but it does not mean that the information has been confirmed. We cannot provide opinions, etc. Faster and faster breaking news of various foreign media is available at’coincode.kr’ .
FINTECHPOST
Author/ Translator: Jamie Kim
Bio: Jamie Kim is a technology journalist. Raised in Hong Kong and always vocal at heart. She aims to share her expertise with the readers at blockreview.net. Kim is a Bitcoin maximalist who believes with unwavering conviction that Bitcoin is the only cryptocurrency – in fact, currency – worth caring about.
