With the shift in US regulation and the GENIUS Act clarifying stablecoin standards, Coinbase is expanding its financial footprint at an astonishing pace. From opening up ICOs to the US to developing prediction markets, and now partnering with lending protocol Morpho to launch…ETH▲The mortgage lending service is accelerating its expansion into a “multi-functional exchange”.
![图片[1]-Coinbase partners with Morpho to launch on-chain ETH collateralized lending service, ushering in a new era of crypto banking.-OzABC](https://www.ozabc.com/wp-content/uploads/coinbase-morpho-eth-backed-loans-800x450.png)
Coinbase launches ETH-backed lending, allowing borrowers to borrow without selling their ETH.
Coinbase announced today the launch of [product name missing] in the United States (excluding New York State).ETH▲Mortgage lending services allow users to use their own assets as collateral for loans.ETH▲Asset-backed loans up to $1 million.USDC▼This service is powered by the on-chain lending protocol Morpho, running on the Base network, and allows users to choose floating interest rates and bear risks based on market fluctuations.
![图片[2]-Coinbase partners with Morpho to launch on-chain ETH collateralized lending service, ushering in a new era of crypto banking.-OzABC](https://www.ozabc.com/wp-content/uploads/coinbase-partners-with-morpho-to-launch-on-chain-eth-collateralized-lending-service-ushering-in-a-new-era-of-crypto-banking.png)
Users simply need to click “Borrow” in the top left corner of the app, enter the desired loan amount (USD), and confirm the amount of collateral. Coinbase also indicated that it will open up more collateral options in the future, such as its staking platform.ETH▲The token is cbETH.
( Coinbase partners with Morpho to launch USDC on-chain lending service, offering an annualized yield of 10.8% )
On-chain lending volume surpasses $1.25 billion, CeDeFi serves as a bridge for users.
According to Dune data, Coinbase’s on-chain lending market is expanding rapidly, with total lending exceeding $1.27 billion and collateralized assets reaching $1.38 billion. Currently, $800 million in loans remain outstanding, and 13,000 wallets are using the lending service.
![图片[3]-Coinbase partners with Morpho to launch on-chain ETH collateralized lending service, ushering in a new era of crypto banking.-OzABC](https://www.ozabc.com/wp-content/uploads/coinbase-partners-with-morpho-to-launch-on-chain-eth-collateralized-lending-service-ushering-in-a-new-era-of-crypto-banking-1.png)
However, currently on Coinbase, staking…ETH▲lendUSDC▼The floating annual interest rate is still 7.4%, compared to Morpho ‘s own 4.13% and Aave ‘s 5.48%, which means it has made a considerable profit.
The Trump administration rewrote the US regulatory stance, and Coinbase launched a full-speed expansion.
With the implementation of the Trump administration’s new crypto policies, Coinbase’s business expansion has accelerated.
In October of this year, Coinbase acquired Echo, a private placement platform founded by renowned trader Cobie, for $375 million, thereby entering the fundraising field. That same month, it also announced a partnership with Citibank to enhance the efficiency of capital flow.
( Coinbase acquires private placement platform Echo for $375 million, opening up direct access to exchanges after ICOs)
Coinbase brought ICOs back to the US, with new projects every month.
Two weeks ago, Coinbase announced the launch of a brand-new token sale ICO platform, allowing US retail investors to participate in the primary market again after an eight-year hiatus. The official plan is to maintain a goal of listing one project per month, with the Monad token sale as the first project, emphasizing transparent background information.
( Coinbase launches its own ICO platform, with Monad as the first project; details of token economics and public sale released )
Next step: Coinbase will enter prediction markets and stock trading.
Yesterday, Coinbase was also revealed to be developing prediction market and stock trading features, with an architecture that appears to be related to Kalshi, further penetrating the fields of crypto derivatives and financial gamification, making its product line more comprehensive.
( Coinbase has been revealed to be developing prediction market and stock trading features, fulfilling its ambition to become a full-fledged exchange )
Coinbase’s Everything Exchange Dream: A One-Stop Gateway to Crypto Finance
Today, from on-chain lending, ICOs, stock trading, prediction markets to enterprise financial services, Coinbase is building a comprehensive bank based on crypto technology. This expansion also represents the fierce competition in the global crypto industry after the clarification of US regulations, and Coinbase may have already gained an early advantage.
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