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Coinbase announced the launch of crypto-backed loans powered by Morpho, with product availability varying by jurisdiction. The broker also clarified its regulatory affiliations regarding securities, futures, swaps, and crypto offerings.
Coinbase has introduced crypto-backed loans utilizing Morpho, with a note that product availability may differ depending on the user's jurisdiction. The broker outlined that its securities services are provided through Coinbase Capital Markets, a member of SIPC and FINRA, while listed futures and swaps are offered by Coinbase Financial Markets, a member of CFTC and NFA. No additional details about terms, eligibility, or rollout were included in the announcement.
Coinbase is a cryptocurrency exchange catering to both novice and experienced traders, offering access to a wide selection of cryptocurrencies including Bitcoin, Ethereum, Litecoin, Ripple, and Bitcoin Cash. The platform features a web interface and mobile apps for iOS and Android, supports users in over 100 countries, and provides educational resources as well as analytical tools. For additional details, visit the broker profile on Traders Union: Coinbase broker profile on Traders Union.
For more background, the previous Coinbase update on Traders Union highlighted the registration of Coinbase Advisors, LLC as a Commodity Trading Advisor and Registered Investment Advisor. You can find further details in the earlier news about Coinbase.