Goldman Sachs set a major milestone late last month by extending the first Bitcoin (BTC) backed loan from a Wall Street financial institution. While earlier reports did not reveal the identity of the borrower, recent updates reveal that the loan was made by a U.S.-based crypto exchange. American crypto exchange Coinbase became the first borrower to avail of the first bitcoin-backed loan from Goldman Sachs, according to a Bloomberg report on Tuesday. The crypto-backed loan is the first of its kind extended by a Wall Street financial institution, which could signal cryptos acceptance by...
source: https://tokenpost.com/Crypto-exchange-Coinbase-becomes-the-first-borrower-to-avail-of-Goldman-Sachs-Bitcoin-backed-loan-9602
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