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Coinbase? ?to? ?Offer?? ?Bitcoin-Backed?? ??Loans?? - This Week in Bitcoin - Aug 17, 2020Coinbase Borrow, a program that allowed customers to receive fiat loans of up to $1 million against as much as 30% of their bitcoin (BTC). Coinbase will shut down the Borrow program for retail customers that enabled them to obtain cash loans using bitcoin as collateral. The program is designed to allow users to receive up to $1 million through Bitcoin (BTC) collateral. The new institutional program is operated.
