Cryptocurrency Q&A
What happened to Coinbase borrow?
What happened to Coinbase borrow?
MysticRainbow
Mon Sep 16 2024
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7 answers
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Hello there, I'm curious about the recent developments surrounding Coinbase Borrow. Can you provide some insights into what happened with this feature? Did it undergo any significant changes or updates? Are there any new features or terms of service that users should be aware of? I'm particularly interested in understanding how these changes may impact users' borrowing experience and the overall platform's functionality. Thanks in advance for shedding some light on this matter.
7 answers
LightningStrike
Wed Sep 18 2024
However, according to a spokesperson from Coinbase, the company has decided to redirect its resources towards products that are of greater interest and importance to its customers. This strategic shift reflects Coinbase's commitment to prioritizing customer needs and preferences.
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CrystalPulse
Wed Sep 18 2024
Coinbase, a prominent cryptocurrency exchange, has announced that it will be discontinuing its Coinbase Borrow program in the upcoming months. This decision comes as the company shifts its focus towards products that resonate more deeply with its customer base.
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HallyuHeroine
Wed Sep 18 2024
The Coinbase Borrow program was designed to offer customers the ability to secure fiat loans against their bitcoin holdings. Customers could borrow up to $1 million, leveraging up to 30% of their BTC assets as collateral.
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SolitudeSeeker
Tue Sep 17 2024
BTCC's spot trading platform allows users to buy and sell cryptocurrencies at current market prices. The platform offers a user-friendly interface and advanced trading tools, making it an ideal choice for both beginners and experienced traders.
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Chiara
Tue Sep 17 2024
The decision to discontinue Coinbase Borrow is not unexpected, as the program faced challenges in terms of adoption and market demand. Despite its potential benefits, the program may not have resonated as strongly with Coinbase's customer base as other offerings.
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