Tag: Lending

Crypto Lending Returns: Coinbase, Binance Try to Revive Revenues – Bloomberg

Crypto exchanges seeking to bolster sagging revenues are stepping up lending, potentially seeding the market with fresh risks less than a year after the last major crisis. Recently launched programs from the likes of Coinbase Global Inc. and Binance come in many different guises, from margin loans meant to stimulate trading to facilitating borrowing through their platforms to making direct…

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Virginia pension fund invests in crypto lending in bid to boost returns | Financial Times

A $6.8bn Virginia pension fund is looking to boost its returns by investing in crypto lending markets despite a crisis in the sector that has pushed several companies into bankruptcy and left retail investors with heavy losses. The Fairfax County Retirement Systems recently gained approval from its board of trustees to begin investing in “yield farming” in which investors lend…

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Coinbase Avoids SEC Clash by Dropping Crypto Lend Product

While Coinbase’s decision to forgo its planned launch of Lend apparently avoids a head-on collision with the SEC, the events of the past month demonstrate both the SEC’s readiness to pursue enforcement action in the digital asset space as well as the crypto industry’s dissatisfaction with the guidance provided by the SEC regarding the ground rules for conducting digital business. …

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