Market News

Bitcoin, Ethereum, and Coinbase: A New Lending Landscape

Coinbase, the leading cryptocurrency exchange in the US, is making strides in the UK by launching a cryptocurrency-backed lending service.

Users in the UK can now borrow USDC by using Bitcoin (BTC), Ethereum (ETH), or cbETH as collateral, with loans available up to $5 million.

This service utilizes Morpho, an open-source lending protocol on the Base network, allowing for quick loan transfers to users' accounts.

Borrowers can access this feature through the Coinbase app, where the process is streamlined and flexible, offering no fixed repayment schedule.

After launching crypto-backed loans in the US in early 2025, Coinbase has now expanded its offerings to include Ethereum alongside Bitcoin.

In recent market developments, Bitcoin exhibited strong performance despite geopolitical tensions, soaring above $78,000 before settling around $75,000.

According to Coinshares, Bitcoin led cryptocurrency inflows last week with a remarkable $1.11 billion, showcasing sustained investor interest.

Ethereum also enjoyed a positive week, attracting $328 million in inflows, reflecting a notable appetite for digital assets.

However, not all altcoins fared well; XRP and Solana experienced significant outflows, signaling investor caution beyond the top two cryptocurrencies.

As Coinbase plans further expansion of its lending services internationally, both Bitcoin and Ethereum continue to solidify their positions at the forefront of the crypto market.