Ka The Daily Hodl - lilemo tse 2 tse fetileng - Nako ea ho Bala: Metsotso e 2
Coinbase Uses Goldman Sachs’ First Bitcoin (BTC)-Backed Loan Product: Report
The largest cryptocurrency marketplace in the US is using Bitcoin (BTC) as collateral to get funding from a leading Wall Street bank.
Ho latela Bloomberg e ncha raporoto, Coinbase put up an undisclosed amount of BTC while getting a loan from Goldman Sachs, a milestone event toward taking cryptocurrency mainstream with traditional institutions.
Coinbase Institutional head Brett Tejpaul says of the deal with the financial services titan,
“Coinbase’s work with Goldman is a first step in the recognition of crypto as collateral which deepens the bridge between the fiat and crypto economies.”
While the Bloomberg report does not go into specific dollar or Bitcoin amounts within the Goldman Sachs loan, it does disclose that at the end of 2021, Coinbase’s overall crypto asset holdings exceeded $566 million. Bitcoin accounts for over $183 million worth of the total. Coinbase also had “cash and cash equivalents of $7.1 billion” at year’s end.
Last week it was first o ile a senola that Goldman Sachs was planning its first-ever loan grant to a borrower that was fully backed by Bitcoin.
A crypto-backed loan includes the caveat that if the price of Bitcoin e oela ka tlase ho boemo bo itseng, Goldman Sachs e ka qobella motho ea alimang ho eketsa tebeletso kapa ho felisa BTC e teng ea collateralized.
A month ago, Goldman Sachs also phatlalatsoa hore ba rerile ho fana ka "matla a mangata" a lits'ebeletso tse amanang le thepa ea digital ho bareki ba boleng bo phahameng ba bonyane $25 milione ho tsetela.
E sa tsoa feta thuto conducted by crypto exchange platform Bitstamp surveying over 5,500 institutional investors worldwide found that 88% believe that crypto assets will eventually overtake traditional money.
Sheba theko ActionU se ke Ua Lahleheloa ke Beat - Subscribe ho fumana litlhokomeliso tsa imeile tsa crypto tse tlisoang ka kotloloho ho inbox ea hau
Latela re ka Twitter, Facebook 'me thelekramo
lefilo Motsoako oa Daily Hodl
Lekola lihlooho tsa litaba tsa moraorao
Boitlhotlhollo: Maikutlo a hlahisitsoeng ho The Daily Hodl ha se likeletso tsa ho tsetela. Batseteli ba lokela ho ikitlaetsa pele ba etsa matsete a nang le kotsi e kholo ho Bitcoin, cryptocurrency kapa thepa ea dijithale. Ka kopo o eletsoe hore liphetisetso le mesebetsi ea hau li kotsing ea hao, 'me ho lahleheloa ke eng kapa eng eo u ka bang le eona ke boikarabello ba hau. Daily Hodl ha e khothaletse ho rekoa kapa ho rekisoa ha li-cryptocurrensets kapa thepa ea dijithale, ebile The Daily Hodl ha se moeletsi oa matsete. Ka kopo hlokomela hore The Daily Hodl e nka karolo papatsong e kopanetsoeng.
Featured Image: Shutterstock/Luca9257/Konstantin Faraktinov
Potso Coinbase Uses Goldman Sachs’ First Bitcoin (BTC)-Backed Loan Product: Report e hlahile pele ho Daily Hodl.
Mohloli oa pele: Daily Hodl