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Coinbase to offer Bitcoin-backed loans

Coinbase (COIN) is adding bitcoin-backed loans to its U.S. product lineup, leaning on Morpho, the largest lending platform on its Base network, to drive eyeballs and wallets to its growing on-chain economy. Borrowers will post sizable amounts of collateral rather than rely on their credit score for access.

 

 

"If price swings are reaching any sort of dangerous point, we will share liquidation warnings through the Coinbase app so that you're aware of it and can act," Branzburg said.

Tags

crypto, lending, bitcoin