Coinbase launches Ether-backed loans for US users, allowing borrowing against ETH holdings with Morpho on Base. Available in most states, except New York. Users can borrow up to $1 million in USDC stablecoin.

Coinbase plans to expand loan program to include loans backed by cbETH. Collaboration with Morpho, a DeFi lending protocol. Onchain lending markets have processed over $1.25 billion in loan originations, backed by $1.37 billion in deposited collateral. Roughly $810 million in loans outstanding.

Trump administration’s pro-crypto stance reshapes US regulatory landscape. Coinbase accelerates expansion with new products, partnerships, and acquisitions. In October, Coinbase acquired Echo for $375 million, announced crypto staking for New York residents, and partnered with Citigroup for streamlined money transfers between crypto and traditional currencies.

Coinbase unveils new platform for initial coin offerings, first time since 2018. Plans to list one sale per month, starting with Monad’s token sale. Tech researcher discovers Coinbase working on prediction market website backed by Kalshi.

Read more at Cointelegraph: Coinbase Launches ETH-backed Loans as Onchain Lending Grows