{"id":16338,"date":"2025-11-21T03:09:58","date_gmt":"2025-11-21T03:09:58","guid":{"rendered":"https:\/\/bitunikey.com\/news\/coinbase-expands-crypto-credit-with-new-eth-backed-loans\/"},"modified":"2025-11-21T03:10:06","modified_gmt":"2025-11-21T03:10:06","slug":"coinbase-expands-crypto-credit-with-new-eth-backed-loans","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/coinbase-expands-crypto-credit-with-new-eth-backed-loans\/","title":{"rendered":"Coinbase expands crypto credit with new ETH-backed loans"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Coinbase has launched Ethereum-backed loans for eligible U.S. customers, allowing users to borrow up to $1 million in USDC without selling their ETH holdings, the cryptocurrency exchange announced.<\/p>\n<div id=\"cn-block-summary-block_7b09f94968788b0234365eaac960deea\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Coinbase has launched Ethereum-backed loans for eligible U.S. users (excluding New York).<\/li>\n<li>The service allows borrowers to access up to $1 million in USDC without selling their ETH holdings.<\/li>\n<li>The launch strengthens Coinbase\u2019s DeFi integration, tapping into the growing crypto-native credit market.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<h2 class=\"wp-block-heading\"><strong>Coinbase lets ETH holders borrow millions without selling<\/strong><\/h2>\n<p>The service represents one of the exchange\u2019s largest decentralized finance-integrated offerings to date, according to the company. The launch follows Coinbase\u2019s recent increase of its Bitcoin-backed loan limit to $5 million several weeks prior.<\/p>\n<p>The loan program operates through Morpho, a lending protocol on Base, Coinbase\u2019s Layer 2 network. Coinbase serves as the access point while loans are executed through Morpho\u2019s smart contracts, enabling users to access decentralized finance liquidity through a centralized platform interface.<\/p>\n<p>The service is available in most U.S. states, excluding New York due to regulatory restrictions. Users deposit ETH as collateral and receive USDC without triggering a taxable event, differentiating the service from direct cryptocurrency sales.<\/p>\n<p>Borrowers must maintain their loan-to-value ratio below 86%, at which point positions face automatic liquidation due to cryptocurrency price volatility. Coinbase stated the feature will expand to include additional assets, including cbETH, the platform\u2019s staked-ETH derivative.<\/p>\n<p>Onchain lending across the Base ecosystem has surpassed $1.25 billion, driven by increased activity in institutional and retail credit markets, according to network data. Morpho has experienced notable inflows this week as traders and long-term holders utilize collateralized borrowing to access liquidity while maintaining cryptocurrency exposure.<\/p>\n<p>The expansion positions Coinbase within the growing cryptocurrency-native credit market as the exchange increases its decentralized finance integration and borrowing options for major cryptocurrencies.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Coinbase has launched Ethereum-backed loans for eligible U.S. customers, allowing users to borrow up to $1 million in USDC without selling their ETH holdings, the cryptocurrency exchange announced. Summary Coinbase&hellip;<\/p>\n","protected":false},"author":1,"featured_media":3150,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-16338","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/16338","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=16338"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/16338\/revisions"}],"predecessor-version":[{"id":16339,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/16338\/revisions\/16339"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/3150"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=16338"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=16338"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=16338"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}