Coinbase is Quickly Becoming a Go-To Lender to Bitcoin Miners
David Pan writes about how the crypto exchange Coinbase Global Inc. is at the forefront of a resurgence of Bitcoin-backed loans to crypto miners.
Coinbase is fast becoming one of the biggest lenders to America’s Bitcoin miners. The exchange, better known for trading and custody, has extended hundreds of millions of dollars in credit to firms like Riot Platforms, CleanSpark and now Hut 8 — stepping into a role left vacant after most crypto lenders collapsed in 2022.