Coinbase will fully shut down its Bitcoin lending service Coinbase Borrow for retail users on November 20

ChainCatcher news, Coinbase will shut down its lending program for retail customers, which allowed users to use their Bitcoin as collateral for cash loans. Coinbase stated that the decision to fully close Coinbase Borrow for retail users will take effect on November 20, 2023. Affected loan holders have been notified, and additional measures have been taken to ensure a smooth transition, including a four-month loan repayment period and priority customer support through Coinbase One.