Coinbase's on-chain lending platform has reached a milestone of $1 billion in loans, according to CEO Brian Armstrong. The company now aims to expand this figure to $100 billion, targeting rapid growth akin to a 'hockey-stick' trajectory. This ambitious goal reflects Coinbase's strategy to significantly scale its lending operations in the burgeoning crypto finance sector.
Coinbase On-Chain Lending Reaches $1 Billion, Aims for $100 Billion
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