COINBASE has just announced that they are getting ready to start lending cash to all Bitcoin holders based upon the amount of Bitcoin you hold in their exchange. The way this works is if you hold $100 in Bitcoin you're able to borrow $30 in cash (30%) without touching your initial Bitcoin investment, and also there is no credit check. so those that hold thousands of dollars worth of bitcoin can obviously use this to their advantage and buy more cryptocurrencies when the market is putting out buy signals without having to use their own capital.
There will be a 8% APR that you will be charged for borrowing money but the money can be paid back in weekly amounts or all at once, I imagine it can also be paid back using different cryptocurrencies.
Other exchanges like Nexo have been doing this and you can borrow up to 50% of your holdings on bitcoin. Coinbase is most likely going to expand this to other cryptocurrencies soon in the future.
As always thank you for reading my post and good luck to you all!!!
