Coinbase CEO: Base Lending Market Deposits Reach $7.49 Billion
Nov 11, 03:37
On November 11, Coinbase CEO Brian Armstrong disclosed that as of November 9, total deposits in the Base lending market reached $7.49 billion, while total borrowings stood at $2.65 billion.
The accompanying chart indicates that these two metrics have grown by 28.72% and 21.71%, respectively, over the past three months, with data sourced from the Base markets page. Armstrong noted that Base is gradually emerging as a platform for on-chain finance, supporting activities such as trading, payments, and lending.