PANews reported on October 28th that according to The Block, Coinbase Asset Management announced on Monday that it has partnered with Apollo Global Management, one of the world's largest asset management firms, to expand the crypto exchange's stablecoin lending services portfolio. According to the statement, Coinbase Asset Management and Apollo will jointly explore strategies including overcollateralized asset lending, direct corporate lending, and tokenized credit asset holdings. These services will allow users to borrow against their digital assets, lend directly to borrowers, and provide "tokenized investment products with access to Apollo-managed credit strategies." Apollo and Coinbase plan to bring credit investment products to market next year. Coinbase already allows some US customers to borrow up to $100,000 against their digital assets.



BitGo’s move creates further competition in a burgeoning European crypto market that is expected to generate $26 billion revenue this year, according to one estimate. BitGo, a digital asset infrastructure company with more than $100 billion in assets under custody, has received an extension of its license from Germany’s Federal Financial Supervisory Authority (BaFin), enabling it to offer crypto services to European investors. The company said its local subsidiary, BitGo Europe, can now provide custody, staking, transfer, and trading services. Institutional clients will also have access to an over-the-counter (OTC) trading desk and multiple liquidity venues.The extension builds on BitGo’s previous Markets-in-Crypto-Assets (MiCA) license, also issued by BaFIN, and adds trading to the existing custody, transfer and staking services. BitGo acquired its initial MiCA license in May 2025, which allowed it to offer certain services to traditional institutions and crypto native companies in the European Union.Read more