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

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On August 29, Bloomberg reported that 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 Bitcoin mining companies in the United States. The exchange, better known for its trading and custody businesses, has now provided hundreds of millions of dollars in credit to companies like Riot Platforms, CleanSpark, and most recently, Hut 8, filling the gap left by the collapse of most crypto lenders in 2022.

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