Coinbase on Wednesday expanded its service that allows US users to borrow cash using bitcoin as collateral without having to sell the cryptocurrency. The company recently added a line of credit of up to 40% of a customer’s bitcoin account value capped at $100,000 to residents in Arizona, California, Idaho, Ohio and Tennessee, a Coinbase spokesperson told Blockworks. The exchange also offers fixed term loans of up to 30% of a user’s bitcoin — also up to $100,000 — within 15 different states. There is no fee or credit check, and the borrower pays a 7.9% annual percentage rate. The borrowed cash can be deposited to ... (full story)