Coinbase has launched a new lending service enabling cryptocurrency holders to leverage their Ethereum holdings as collateral for USDC loans. The platform now permits qualified users to borrow up to $1 million in USD Coin against their ETH assets, marking a significant expansion of the exchange’s lending capabilities.
This development builds upon Coinbase’s Base-powered lending infrastructure, which has already facilitated over $1.25 billion in loan volume across its network. The service provides crypto investors with increased liquidity options while allowing them to maintain exposure to their Ethereum holdings, creating new opportunities for portfolio management and capital utilization within the digital asset ecosystem.
The lending program represents Coinbase’s continued commitment to developing sophisticated financial products for cryptocurrency markets. By enabling substantial loans against ETH collateral, the exchange addresses growing demand for decentralized finance solutions while maintaining institutional-grade security and compliance standards. This move comes as the broader crypto lending market continues to demonstrate robust growth and maturation, with established platforms increasingly offering traditional financial services with blockchain efficiency.
Market analysts note that such lending services help bridge traditional finance with cryptocurrency ecosystems, providing users with flexible options for accessing liquidity without needing to liquidate their long-term digital asset positions. The $1.25 billion milestone underscores significant market adoption of on-chain lending solutions among cryptocurrency investors and institutions.
