Coinbase Offers Crypto Loans to Large Institutional Investors

Sept. 5, 2023, 9:24 PM UTC

Coinbase Global Inc. has started a crypto lending service for US institutional investors, seeking to capitalize on the vacuum left after the collapse of firms such as BlockFi Inc. and Genesis Global Holdco.

Customers of the largest US crypto exchange’s Prime service have already invested $57 million in the lending program, according to a recent filing with the US Securities and Exchange Commission. Coinbase Prime is a full-service prime brokerage platform that lets institutions execute trades and custody assets.

“With this service, institutions can choose to lend digital assets to Coinbase under standardized terms in a product that qualifies for ...

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