Coinbase Launches Bitcoin and Ethereum Staking Services in the UK

BroadChain has learned that at 00:00 on April 21, according to Decrypt, following the launch of its cryptocurrency-backed loan service in the US last year, Coinbase has now expanded this service to users in the UK. UK customers can now use their holdings of Bitcoin and Ethereum as collateral to apply for fiat currency loans through the Coinbase platform. This move aims to provide users with a new way to obtain liquidity without selling their crypto assets, further expanding the exchange's business footprint in the intersection of traditional finance and the crypto space.