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Coinbase IPO Prospectus: Glossary to the Cryptoeconomy
HODL: A term used in the crypto community for holding a crypto asset through ups and downs, rather than selling it.
We allow our U.S. retail users to borrow against and lend their crypto asset portfolios. Our first product is a portfolio-backed loan: a flexible, non-purpose 12-month term loan that allows retail users to borrow U.S. dollars using their crypto assets as collateral. Secured by their investment portfolio, customers can use the line of credit to access U.S. dollars while maintaining a “HODL” investing strategy. Over time, we plan to offer our retail users the ability to opt into lending their c...