Coinbase Lists New ‘Golden’ Ethereum Token As Crypto Markets Bounce

Coinbase Lists New ‘Golden’ Ethereum Token As Crypto Markets Bounce

A decentralized credit protocol is looking to weave threads of gold after a surprise listing by top US crypto exchange Coinbase.

In a new blog post, Coinbase says that the Ethereum token Goldfinch Protocol (GFI) will start trading on Coinbase Pro once appropriate liquidity conditions are met.

The project fills a niche in the decentralized finance (DeFi) space by offering loans without requiring collateral in the form of cryptocurrency.

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Goldfinch says,

“The vast majority of borrowers in the world can’t actually borrow on DeFi today because it requires over-collateralization with crypto.

By removing that crypto collateral requirement, the Goldfinch protocol unlocks an entirely new level of borrower capacity.

This is what will finally allow crypto to break out into global debt markets.”

Goldfinch is tapping

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