Coinbase Launches Crypto Backed Loans In Uk

@Coinbase has brought crypto-backed lending to the United Kingdom, rolling out $USDC loans that allow users to borrow against their existing digital asset holdings without liquidating their positions.

The service lets users access liquidity by posting $BTC or $ETH as collateral, with the company saying the process can be completed in under a minute. Borrowed funds can be sent globally at no cost or converted into fiat currency when required.

The product is built on Morpho, a decentralised lending protocol, and currently supports Bitcoin $BTC, Ethereum $ETH, and cbETH as collateral assets.

The launch marks an expansion of a product @Coinbase first introduced for US customers earlier this year. Bringing it to the UK signals growing appetite among mainstream crypto platforms to offer credit products in regulated markets, giving holders a way to unlock liquidity from long-term positions without triggering a taxable disposal event.