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On Friday, the company quietly that the Lend product did indeed involve a security.
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| 0.010 btc to usd | 17 |
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| South park crypto matt damon | To be sure, having to shelve Lend is a major blow for Coinbase as the firm tries to diversify revenue beyond its trading fees. Lend was far from an anomaly in the crypto exchange world; investors can find similar functionality in platforms like Gemini, which allow users to lend their crypto holdings back to the exchange for the promise of earning interest rates that are much, much higher than traditional savings accounts offer. Register Now. New Jersey is among states that have ordered BlockFi to stop marketing some products. We have also discontinued the waitlist for this program as we turn our work to what comes next. The company is also playing catch-up to competitors such as BlockFi Lending LLC, which are already offering higher yielding products. BY Ben Bain and Bloomberg. |
| Coinbase lend product | The firm mentioned it as an addendum to a June 29 post on its blog, where the company posts news. The cryptocurrency exchange had garnered the ire of the regulatory commission over its plans to launch a crypto lending product, with the SEC sending the company a Wells notice which indicated that the agency would sue Coinbase if they launched their crypto lending product called Lend. It makes sense, if you want to lend out your funds, you can earn a return. However, the loudest criticism yet has come from Coinbase itself. Lend was far from an anomaly in the crypto exchange world; investors can find similar functionality in platforms like Gemini, which allow users to lend their crypto holdings back to the exchange for the promise of earning interest rates that are much, much higher than traditional savings accounts offer. |
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