**Coinbase to cease issuing new Bitcoin-backed loans via Borrow service **

https://s3.cointelegraph.com/uploads/2023-05/d2195fa3-d5f4-45bb-9744-c557e7220944.jpg" class="embedded-image" loading="lazy">

The service allows users to borrow up to $1 million with no credit check, provided they post Bitcoin as collateral.

https://cointelegraph.com/news/coinbase-to-cease-issuing-new-bitcoin-backed-loans-via-borrow-service