Coinbase’s lending product, Coinbase Lend, has surpassed $500 million in total deposits within its first year after launch, according to Techub News. The service lets users deposit crypto assets and earn interest on those holdings. The update was attributed to @coinbase in the source note. The report did not disclose a further breakdown of deposited assets, user numbers, or any timeline beyond the product’s first year. Coinbase Lend is described in the source as a lending service under Coinbase, with the main disclosed milestone being the deposit total crossing the $500 million mark.
Coinbase’s lending service, Coinbase Lend, has surpassed $500 million in total deposits within its first year after launch, according to Techub News.
The product allows users to deposit crypto assets to earn interest. The source note attributed the update to @coinbase.
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