The reason for this decision was not reported. Access to new loans exchange will close as early as May 10.
At the same time, this decision will not have any impact on existing loans and customers. Also, the entire history of loans issued to the customer will remain in the user’s personal account.
According to the rules of the site, the amount of credit can be up to $ 1 million, and for the pledge can be used up to 40% of the amount of cryptocurrencies in the user’s account.
There are no checks and the cost of using the funds is 9% per year.
“We evaluate our products on a regular basis to give maximum consideration to our most sought-after offerings,” said a spokesperson for the site.
Earlier, a Coinbase customer accused the site of violating biometric privacy laws, claiming that the exchange illegally stored customers’ fingerprints and facial templates.