Why did you backtrack, thief: Coinbase has abandoned the idea of launching a lending service

American cryptocurrency exchange Coinbase announced that it abandoned the idea of launching the Coinbase Lend lending service. This decision was made under pressure from the U.S. regulator. The official blog of the trading platform said that the launch of the new service was canceled due to the lack of clear regulation in the crypto industry. The decision was described as “difficult”: “As we continue our work to achieve regulatory clarity for the crypto industry as a whole, we made the difficult decision not to do so.”