Goldman Coinbase News

Goldman Sachs issued the first Bitcoin-backed loan to Coinbase

Crypto exchange Coinbase has taken a Bitcoin-backed loan from Goldman Sachs. Coinbase is the biggest crypto exchange in the US, with over 89 million userbase. The loan was taken by providing 4,487 BTC as collateral. Although crypto-backed loans are pretty standard in the blockchain world, it is the first time the same is seen in the traditional financial industry.