“The Crypto Exchange Said It Plans to Raise It Borrowing Cap from $ 1 Million to $ 5 Million.”, – WRITE: www.coindesk.com
The exchange currently offers retail customers in the us the absty to Borrow Cash Against Bitcoin BTC$ 114.353.40 Holdings Through The on-Chain Morpho Platform. A SPOKSPERSON SAID The AVERAGE LOAN SIZE SITS AT $ 54,000 But Noted The Firm Plans to Raise ITS BORROWING CAP FROM $ 1 Million to $ 5 Million in The Coming Weeks.
“We do see some USers Borrowing Up Against the Current $ 1 [million] Loan Limit, and Are Exited to Meet Their Needs, As Well, “The Spokesperson Said.“ We Work Closely with The Morpho Team to Ensure We MainTain Steoc. Customers with Larger Loans. ”
The Product Caters to Customers Looking to Access Cash Without Selling Their Bitcoin, A Use Case That Mirrors How Homeowners Tap Equity OR How Businesses Leverage Equipment. Coinbase SAID TOP Applications Include Debt Consolidation, Covering Large Unexpectioned Expenses Such as Medical Bills OR Taxes, Investing in Real Estate, and Making High-COST PUCHASESSESS.
The Move ComESS As the Asset-Based Lending Industry Continues to Expand. A July Report Projected the Market Could Reach $ 1.3 Trillion by 2030, Reflection Broader Interest in Loans Secured by Assets Beyond Traditional Real Estate or Vehicles.
By pushing the Celing Higher, Coinbase Is Positioning Itself to Serve Wealther Clients and Investors Who May Want to Borrow Against Larger Bitcoin Holdings.
The Milestone Highlights of the Steady Integration of Crypto Into Conventional Financial Practices.
Combined Spot and Derivatives Trading on Centralized Exchanges Surged 7.58% to $ 9.72 Trillion in August, Marking The Highest Monthly Volume of 2025
- Combined Spot and Derivatives Trading on Centralized Exchanges Surged 7.58% to $ 9.72 Trillion in August, Marking The Highest Monthly Volume of 2025
- Gate Exchange Emerged As Major Player With 98.9% Volume Surge to $ 746 Billion, Overtaking Bitget to Become Fourth-Largest Platform
- Open Interest Across Centralized Derivatives Exchanges Rose 4.92% to $ 187 Billion
View Full Report
MOST ALTCOINS INCLUDING ETH, SOL, AVAX, UNI POSTED DECLines Tuesday but Bitcoin Was Flat After After A Late Rally.
- The US Government is on Track to Shut Down at Midnight, Delaying Regulatory Efforts and Meaning Potential Ripple Effects Across Crypto Markets.
- Bitcoin Managed A Late-Day Rebound from Its Worst Levels, While Mist Tokens in the Coindesk 20 Index Posted Declines.
- A Government Shutdown Cold Delay Key Economic Data Releasees, Erading Investor Confidentnce and Leaving BTC Vulnerable for Market Shocks, Bitfinex Analysts Said.
Read Full Story