Coinbase Launches Crypto-Backed Lending Service in the UK
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Summary
BroadChain learned that at 17:16 on April 20, according to TechFlow, Coinbase announced the launch o
BroadChain has learned that at 17:16 on April 20, according to TechFlow, Coinbase announced the launch of crypto-backed lending services in the UK. Users can use Bitcoin, Ethereum, and cbETH as collateral to borrow USDC within one minute. This service is powered by the open-source lending protocol Morpho on the Base chain. The product was first launched in the United States in January 2025, and as of April 14, 2026, the total loan amount issued through Coinbase's integration with Morpho has exceeded 2.17 billion USDC. Users can view loan health, historical annual interest rates, and liquidation reminders within the Coinbase App, with interest rates dynamically adjusted based on market conditions.