Coinbase Expands On-Chain Lending by Accepting Ethereum (ETH) as Collateral, Enabling Up to $1 Million in USDC via Morpho Protocol

COINOTAG News reports, citing The Block, that Coinbase has broadened its on-chain lending offering to accept Ethereum (ETH) as eligible collateral as of November 20.

Qualifying customers can borrow up to $1 million in USDC without selling their crypto, with the loan underpinned by the Morpho lending protocol.

By expanding this product, Coinbase reinforces its stance on scalable, collateral-backed liquidity within the crypto ecosystem, leveraging Morpho to support larger, on-chain credit opportunities while maintaining rigorous risk controls.