Riot Platforms & Coinbase Secure $100M Bitcoin Loan Deal

Cryptocurrency lending is seeing significant institutional interest, as Riot Platforms and Coinbase have just finalized a $100 million Bitcoin-backed loan agreement. This deal marks a major step forward in the integration of crypto into traditional financial systems. The move comes on the heels of regulatory changes that are allowing public banks to explore and participate in Bitcoin lending and custody, further enhancing market access and competition. 19,223 bitcoins will act as collateral for this loan agreement, highlighting the growing role of institutional-grade lending mechanisms within the crypto industry.