Coinbase Will Not Launch “Lend” Product, Weeks After Receiving Wells Notice From the SEC

Coinbase has decided not to launch its Lend product after the SEC declared its intention to sue the crypto exchange if it went forward with its plans. Coinbase’s Lend would have been a crypto savings account with around 4% APY. According to the FDIC, the average national APY is 0.04%. Coinbase...