> I just wanted to point out that it's unlikely to be something endemic to the space.
I'm still not sure why that would be the case. FWIW I don't suspect it is either, but I don't see any reason it would be more or less than the tech community at large. In this case, Coinbase is reflective not of the subcateogry but of leadership.
> Access to financial services like loans for instance
> Along with our proven KYC/AML process, we review an applicant’s credit history and other information to assess for risk.
This still has all the normal hurdles for a loan. Just because the asset is on a ledger doesn't remove the human factor. Not to mention that a direct collateral backed loan is already very unlikely to get rejected at a traditional financial institution. I didn't find any actual crypto loan options that weren't collateral backed from a quick search. Am I missing other options?
I'm still not sure why that would be the case. FWIW I don't suspect it is either, but I don't see any reason it would be more or less than the tech community at large. In this case, Coinbase is reflective not of the subcateogry but of leadership.
> Access to financial services like loans for instance
https://blockfi.com/apply-for-crypto-loan
> Along with our proven KYC/AML process, we review an applicant’s credit history and other information to assess for risk.
This still has all the normal hurdles for a loan. Just because the asset is on a ledger doesn't remove the human factor. Not to mention that a direct collateral backed loan is already very unlikely to get rejected at a traditional financial institution. I didn't find any actual crypto loan options that weren't collateral backed from a quick search. Am I missing other options?