@Coindesk
JUST IN: @coinbase will offer bitcoin-backed cash loans to select U.S. customers, beginning this fall.
@Nate_DiCamillo reports
https://t.co/pE9YP0jZNLThanks...
and..told ya, they want you to lend your btc out and/or borrow against it, then, once it dips, collect your btc under some pretense such as 'you have exceeded your collateral limits, so the loan had to be liquidated'. Basically, don't do it.