The post Coinbase Relaunches Bitcoin Loans: Can They Succeed? appeared first on Coinpedia Fintech News
Coinbase is giving Bitcoin-backed loans another shot. Their last attempt didn’t go as planned. It ended in 2023, partly due to low demand and regulatory hurdles. But they’ve returned with a fresh approach, powered by DeFi technology. This time, they’re betting it’ll be safer, smoother, and more appealing to everyday users. But will it succeed this time?
Why Coinbase Failed Earlier
Coinbase once allowed users to borrow up to $1 million by using 30% of their Bitcoin as collateral. It sounded great, but the program didn’t last long. By July 2023, Coinbase had to shut it down.
The exchange blamed a lack of demand, but there was a bigger issue. The SEC had filed a complaint accusing the company of operating without proper registrations. This added legal pressure might’ve pushed them to end the program earlier than planned. The plan is back, but this time, they’ve
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