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Coinbase announces bitcoin secured loan service

Coinbase announces bitcoin secured loan service



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2 Comments

  1. They say you can borrow 40% of usd value. I’m interested to know what happens when bitcoin value drops, and your loan value exceeds 40% of your bitcoin value..?

    If I have $1M worth btc, and I take loan for $400K. Then, my btc craps and now has a value of $600K. Now what?

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