Cryptocurrency exchange Coinbase is now allowing customers to borrow up to 40 percent of their bitcoin value using bitcoin as collateral, the company announced Tuesday. Coinbase users can borrow as much as 40 percent of the value of the Bitcoin in their account, up to $1,000,000, and can use either their bank account or PayPal to access the cash with no fees. Customers will need to make $10 minimum monthly interest payments, and Coinbase is offering flexible repayment schedules. The loans will be issued with an annual percentage rate of 8 percent, and borrowers won’t be required to show credit checks, Coinbase said. “The Bitcoin you use as collateral remains safely held by Coinbase. It’s not lent out or used for any other purpose,” Coinbase said. However, the borrowing minimum and maximum amounts may vary by state, Coinbase added. The announcement comes shortly after the U.S. Securities and Exchange Commission (SEC) threatened to sue Coinbase if the crypto …