According 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.
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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.