Coinbase Expands Lending Service to UK Users, Allowing Borrowing Against Bitcoin and Ethereum
Coinbase has expanded its lending service to UK users, enabling them to borrow USDC stablecoins using Bitcoin or Ethereum as collateral. The service, powered by Morpho on Base, allows users to access liquidity without liquidating their assets, with borrowing limits up to $5 million for Bitcoin and $1 million for Ethereum. This follows Coinbase's recent expansion of services in the UK, including decentralized exchange trading and savings accounts.
Tickers: $COIN
Topics: Coinbase collateralized loans crypto lending Morpho UK market expansion