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Coinbase (COIN) has reached a significant milestone with its bitcoin-backed loan program, surpassing $1 billion in loan originations since its launch in January. The achievement underscores the rising demand for crypto-backed lending and highlights how digital assets like Bitcoin are becoming increasingly integrated into mainstream financial services.
The program allows U.S. retail customers to borrow cash against their bitcoin holdings through the decentralized Morpho platform. Currently, the average loan size is approximately $54,000. Coinbase is preparing to expand its services further by raising the borrowing cap from $1 million to $5 million, a move aimed at meeting the needs of wealthier clients and larger investors.
According to a Coinbase spokesperson, demand has been strong, with some customers already borrowing up to the current $1 million limit. The company works closely with Morpho to ensure liquidity and a smooth on-chain lending experience as it scales to accommodate bigger loans.
This lending product appeals to individuals who want to access liquidity without selling their bitcoin—similar to how homeowners leverage equity or businesses use assets like equipment for financing. Common use cases include debt consolidation, covering medical expenses or taxes, investing in real estate, and making significant purchases.
The broader asset-based lending market is also on an upward trajectory, with a recent report projecting the industry could grow to $1.3 trillion by 2030. Coinbase’s expansion of its bitcoin-backed lending program positions the exchange as a key player in this rapidly evolving sector, bridging traditional finance with digital assets.
By raising borrowing limits and strengthening partnerships, Coinbase is solidifying its role in shaping the future of crypto lending. The milestone reflects not only the growth of Bitcoin as a store of value but also its emerging role as a powerful financial instrument for unlocking liquidity.
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