Odaily News: Coinbase announced that it will shut down its Bitcoin lending service for retail users on November 20th. Users need to settle any outstanding balances before that date. If the deadline is missed, the exchange will sell the Bitcoin collateral to settle the loan. This requirement only applies to retail users, and institutional users are not affected. (The Block)



According to previous reports, starting from May 10, 2023, customers will no longer be able to obtain new loans through Coinbase Borrow. Coinbase Borrow provides Bitcoin loans of up to $1 million, but it is limited to certain states in the United States.