Bloomberg: Coinbase Rapidly Emerging as Bitcoin Miners' Top Lender

BlockBeats News, August 29th, according to Bloomberg, cryptocurrency exchange Coinbase Global Inc. is at the forefront of the trend of providing loans to crypto miners using Bitcoin as collateral for a recovery.

Coinbase is rapidly becoming one of the largest lenders to U.S. Bitcoin mining companies. The exchange platform is best known for its trading and custody businesses, but has now provided hundreds of millions of dollars in credit to companies such as Riot Platforms, CleanSpark, and most recently, Hut 8, filling the void left by the closure of most crypto lenders in 2022.