Author: John Smith

Ether holders on the exchange can borrow up to $1M in USDC using ETH as collateral. That ensures access to liquidity/cash without selling their holdings. The service is available in all US states, excluding New York. Leading exchange Coinbase has introduced a new feature that will likely reduce selling pressure amid the current broader crypto market turmoil. The trading platform has launched Ethereum-backed loans, allowing users in most American states to access on-chain cash without offloading their holdings. Notably, borrowers can use ETH assets as collateral and receive loans of up to $1,000,000 in USDC stablecoin. The team has confirmed…

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