Coinbase offers crypto services in all countries where crypto trading is permitted. The exchange is ranked second in terms of high trade volume owing to compliance-based services.
This exchange is also a Nasdaq-listed public crypto exchange, demonstrating the crypto community’s confidence in Coinbase.
Coinbase exchange became the first firm to get a loan from Goldman Sachs using Bitcoin as collateral. According to Brett Tejpaul, the head of the Coinbase exchange, this will be a means to exhibit a better relationship between Crypto and the existing banking system.
He went on to say that Coinbase’s collaboration with Goldman Sachs is a first step toward recognizing cryptocurrency as collateral, which strengthens the link between the fiat and crypto economies.
The amount of the loan that the Coinbase exchange obtained from Goldman Sachs was not revealed to the public.
Exchange, on the other hand, took the loan with the help of its 4,487 Bitcoin holdings, which are now valued at over $170 million.
Nevertheless, while it is typical for crypto investors to take loans on account of their crypto assets holdings in the crypto market, it is not prevalent in finance due to the extreme volatility in the price of crypto assets.
During a presentation at the Milken Institute, Brian Armstrong, CEO of the Coinbase exchange, revealed his recommendation for the Tesla CEO for the Twitter platform.
Brian proposed that Elon employ the decentralized protocol in the Twitter platform to help the free speech vision effort succeed.
He also believes that freedom in all forms is worth protecting and that much of crypto is about economic liberty. Another form is the right to free speech.
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