August 13, 2020 Coinbase to begin offering BTC-collateralized cash loans.

Cryptoasset exchange Coinbase announced via a blog post on Wednesday that it will begin offering cash loans collateralized by Bitcoin. These loans will be available to users in 17 U.S. states including Texas, Virginia and Oregon beginning this fall. Users will be able to borrow up to 30% of their BTC holdings at a fixed annual rate of 8%.