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

ETH

ETH/USDT

$2,310.13

-5.71%

$2,310.13

-5.71%

(24s)

24h Volume

$25,949,842,738.11

24h H/L

$2,461.81 / $2,222.00

Change: $239.81 (10.79%)

Long/Short

79.6%

Long: 79.6%Short: 20.4%

Funding Rate

-0.0050%

Shorts pay

Data provided by COINOTAG DATALive data

Ethereum

Daily

$2,292.30

▲ 0.98%

Volume (24h): -

Resistance Levels

Resistance 3$2,656.79

Resistance 2$2,451.98

Resistance 1$2,309.44

Price$2,292.30

Support 1$2,222.80

Support 2$1,669.37

Support 3$1,380.87

Pivot (PP):$2,275.89

Trend:Downtrend

RSI (14):24.4

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.

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