As billions of dollars flow into bitcoin, financial companies need low-risk bitcoin custody solutions. Multi-institution custody is emerging to meet this need.
Key Takeaways Coinbase users can now pledge their bitcoin as collateral to take out a loan worth $100,000 in USDC stablecoins after a new service was launched Thursday.These loans can be made via the Coinbase app but will be serviced by DeFi platform Morpho,
Stars cannot align more positively for crypto in the U.S., the world's largest economy, if the latest media reports are anything to go by. Still,
Coinbase, in partnership with Morpho Labs, has launched a Bitcoin-backed loan service, allowing U.S. users to borrow up to $100,000 in USD Coin (USDC) using their Bitcoin as collateral.
Bitcoin extended a retreat from a record high as traders awaited pro-crypto policy directions from Donald Trump following his inauguration as the 47th US president.
Furthermore, instead of issuing these loans on a blockchain even remotely related to Bitcoin (such as Bitcoin sidechains or Bitcoin L2s), Coinbase is issuing them through Morpho Labs, a DeFi platform best described as an AAVE competitor. While Morpho is a well-established platform—and I don’t doubt its security—it has no connection to Bitcoin.
Coinbase launches Bitcoin-backed loans via Morpho, aiming to tap $45B market by 2030 with accessible, secure, on-chain lending.
Coinbase's setup caps each borrow at $100,000 in USDC. To borrow that much money customers will need to post more than that amount of bitcoin. Morpho will start liquidating the collateral if the loan-to-value ratio flies too close to the sun.
Did President-elect Trump just ignite a Bitcoin firestorm? Many crypto-related stocks posted big gains on Friday, just ahead of next week's inauguration.
Cryptocurrency exchange Coinbase has reintroduced Bitcoin-backed loans in the United States, giving users the ability to borrow against their digital asset holdings. The new product line allows US account holders,
Coinbase Exchange is backing the idea of a strategic Bitcoin reserve as CEO Brian Armstrong noting that the coin is "economic freedom"