Coinbase Launches Crypto Collateralized Lending in the UK, Supporting BTC, ETH, and cbETH to Borrow USDC

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On April 20, Coinbase announced the launch of its crypto collateralized lending service in the UK, allowing users to use BTC, ETH, and cbETH as collateral to borrow USDC within one minute. This service is supported by the open-source lending protocol Morpho on the Base chain. Coinbase stated that the product has launched ahead of its 2025 timeline, and as of April 14, 2026, the total amount of loans issued through Morpho via Coinbase has exceeded 2.17 billion USDC. Users can check loan health, historical annual percentage rates, and liquidation alerts within the Coinbase App, with rates dynamically adjusted according to market conditions.

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ETH1.23%
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