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© Reuters
Crypto exchange Coinbase (NASDAQ:) is stopping the issuance of new loans through its Borrow service, a product that allowed certain United States customers to post crypto as collateral to receive a cash loan.
In an email sent to Coinbase Borrow customers on May 3 that was shared by recipients on Twitter, the exchange said — without providing a reason — that from May 10, customers wouldn’t be able to take out new loans using Coinbase Borrow.
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