Selling Crypto To Pay Taxes? Coinbase Says There's Another Option, But X Users Identify These Pitfalls

Coinbase Global Inc. stated on Wednesday that its users can borrow USDC against their cryptocurrency holdings to cover tax bills, avoiding the need to sell them. Coinbase Presents ‘Choice’ For Users In an X post, Coinbase said that selling cryptocurrencies would trigger capital gains taxes and could create a cycle of selling more to cover the new taxes. Remember that tax applies only when you realize the gains. Capital losses aren’t taxable. The other option they suggested was to get loans in US