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Bloomberg: Coinbase Emerges as Top Lender for Bitcoin Miners
Summary: According to Bloomberg, cryptocurrency exchange platform Coinbase Global Inc. is at the forefront of the wave of providing loans to crypto miners using Bitcoin as collateral. Coinbase is quickly becoming one of the largest lenders to Bitcoin miners in the United States. While the platform is more widely known for its trading and custody services, ...
According to Bloomberg, cryptocurrency exchange platform Coinbase Global Inc. is at the forefront of the wave of providing loans to crypto miners using Bitcoin as collateral. Coinbase is quickly becoming one of the largest lenders to Bitcoin miners in the United States. While the platform is more widely known for its trading and custody services, it has now provided hundreds of millions of dollars in credit to companies like Riot Platforms, CleanSpark, and the latest, Hut 8, filling the void left by the closure of most crypto lenders in 2022.
