Bloomberg: Coinbase is becoming the preferred lender for Bitcoin mining companies

Odaily Planet Daily News Crypto trading platform Coinbase Global Inc. is at the forefront of a resurgence in lending to crypto mining companies using Bitcoin as collateral.

Coinbase is rapidly becoming one of the largest lenders to U.S. Bitcoin miners. The exchange, better known for its trading and custody businesses, has extended hundreds of millions of dollars in credit to companies like Riot Platforms, CleanSpark, and most recently, Hut 8, filling the void left by the collapse of most crypto lenders in 2022. ( Bloomberg )