Coinbase elevates USD $ 1 million the loans supported in BTC

Coinbase strengthens its on chain loan program, allowing users to get USD $ 1 million without selling their Bitcoins.

***

• The previous limit was USD $ 100,000; Now it is extended to USD $ 1 million in USDC
• More than 4,200 wallets have used the service since January, in which they access loans putting BTC In guarantee.
• The initiative is based on the protocol Morpho and in the networks of Ethereum and Base.

Coinbase, One of the most important cryptocurrency exchanges in the world announced a significant increase in the limit of its on Chain loan program, which passes from USD $ 100,000 originals to a maximum of USD $ 1 million.

According to information published by the company, reviewed by various media, The initiative allows users to borrow up to USD $ 1 million in USD Coin (USDC) without the need for beneficiaries to have to sell their BTC, which represents a key advance in integration between traditional finances and systems Blockchain.

As Coinbase indicated, the objective after this increase in the limits is to promote the adoption of the product, originally launched at the beginning of this year. Since then, the service has gained traction among users, accumulating more than USD $ 130 million in on Chain loans.

Context: loans supported by cryptocurrencies

Loans supported by cryptocurrencies allow users to access liquidity without detaching themselves from their assets. In the case of Coinbase, When requesting a loan with Bitcoin As a guarantee, this becomes CBBTC (Coinbase Wrapped BTC)a wrapped token that remains in an intelligent protocol contract Morpho

Morpho It is a decentralized loan system compatible with Ethereum and Base. Currently, according to data from Defill, It maintains more than USD $ 2,760 million in blocked value, which makes it one of the most relevant actors in the ecosystem DEFI.

The process allows US users – except residents in New York – to obtain USDC with interest rates of up to 5%. More than 4,211 wallets have already generated loans supported by approximately USD $ 227,000,000 in guarantees, according to information from Dune Analytics.

Max Branzburg, vice president of products from Coinbase, He explained that the extension of the limit responds directly to the interest of customers. “From the launch of the product in January, we have seen a great demand and satisfied customers. We have received frequent requests of higher limits as customers discover the possibility of accessing cash without selling their bitcoins,” Indian.

According to the Executive, the product has had an outstanding adoption in its first 100 days, which motivated the company to update its offer to better meet market needs.

This movement can also be interpreted as part of the strategy of Coinbase To consolidate as a key actor in the offer of decentralized financial services, particularly at a time where the exchanges seek to diversify beyond the simple cryptocurrency trade.

Coinbase: setting position in the crypto ecosystem

Coinbase continues to position itself as one of the main centralized exchanges of the world. In March 2025, it generated USD $ 102.1 billion in volume of cash operations, equivalent to 7% of the USD total total $ 1.45 billion, according to data shared by The Block.

This domain gives the company a robust platform to experiment with new verticals such as on Chain loans, expanding access to financial services without traditional banking intermediaries.

Bitcoin’s price at the time of this publication is around USD $ 93,900, with a daily volume of operations of approximately USD $ 28.7 billion, demonstrating that the demand for liquidity in the crypto environment remains high and growing.

Written article with the help of an AI content editor, edited by Angel Di Matteo / Diariobitcoin

Original image of Diariobitcoin, Created with artificial intelligence, for free use, licensed under public domain.

WARNING: Diariobitcoin offers informative and educational content on various topics, including cryptocurrencies, AI, technology and regulations. We do not provide financial advice. Cryptactive investments are high risk and may not be adequate for all. Investigate, consult an expert and verify the applicable legislation before investing. I could lose all its capital.

Subscribe to our newsletter