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Crypto-backed loans on @coinbase powered by Morpho. Now, millions of users can borrow against their BTC on Coinbase.
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With loans powered by Morpho, @coinbase customers can borrow USDC at the most competitive interest rates available onchain. Coinbase will initially support BTC as collateral, with plans to add more assets in the future.
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Users can view supported assets, review borrowing terms, and manage their loans—all within the @coinbase app. In just a few clicks, USDC arrives instantly in their Coinbase account, with flexible, open-ended repayment terms.
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Like Coinbase, any exchange, fintech, or bank moving onchain can use Morpho's open infrastructure to create customized lending and borrowing experiences tailored to their users’ needs. To learn more, read our latest blog post:
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Starting today, Crypto-backed loans on Coinbase are available to select customers starting in the U.S. (excl. NY). To get started, visit coinbase.com/loans or use Morpho directly via app.morpho.org.
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