Coinbase takes Bitcoin secured loan from Goldman Sachs

04.05.2022 08:32
by Artem Ustinov
1 min read

Coinbase takes Bitcoin secured loan from Goldman Sachs

The largest cryptocurrency exchange in the US, Coinbase, received the first loan secured by bitcoins issued by Goldman Sachs. The terms of the deal are not known.

Coinbase believes that working with Goldman is the first step in accepting digital assets as collateral. According to the head of Coinbase Institutional, Brett Tapol, this strengthens the interaction between the fiat and cryptocurrency economies.

Author

  • Crypto analyst and practitioner trader with the law and managerial education. Active investor and crypto enthusiast. Worked as an analyst and copywriter in a brokerage company. Accompanied by DAO and NFT projects of different levels of complexity.

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