Coinbase Opens Crypto Collateralized Lending Service to UK Users
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Summary
BroadChain learned that at 17:30 on April 20, according to PANews, Coinbase announced that its UK us
BroadChain has learned that at 17:30 on April 20, according to PANews, Coinbase announced that its UK users can now use their holdings of Bitcoin, Ethereum, and cbETH as collateral to borrow USDC within 1 minute through the open-source lending protocol Morpho on the Base network. The loan interest rate for this product is dynamically adjusted every few seconds based on market conditions, with a maximum loan amount of up to $5 million for BTC collateral. Additionally, Coinbase One members can receive an annualized reward of up to 3.5% on USDC. This service was first launched in the United States in January 2025, and Coinbase plans to expand it to more countries in the future.