Coinbase reserves reached $112 billion across BTC, ETH and stablecoins, signaling renewed investor confidence; combined with new Morpho USDC lending (up to 10.8% APY) and $163M Ethereum ETF inflows, these trends point to stronger liquidity and potential bullish momentum in digital assets.
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Coinbase reserves hit $112B
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New Morpho DeFi lending on Coinbase offers USDC holders on-chain access to yields up to 10.8% APY.
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Ethereum spot ETFs recorded $163M inflows, reflecting steady institutional allocation to ETH.
Coinbase reserves hit $112B, new Morpho USDC lending up to 10.8% APY, and $163M ETH ETF inflows — read how these shifts affect crypto markets. Learn more now.
Coinbase reserves hit $112B while DeFi USDC lending and Ethereum ETF inflows signal renewed investor confidence and market strength.
- Coinbase’s reserves hit $112B in BTC, ETH, and stablecoins, showing renewed investor confidence and fueling potential bullish momentum.
- Coinbase now offers Morpho DeFi lending, letting USDC holders earn up to 10.8% APY, making on-chain yields more accessible.
- Ethereum ETFs saw $163M inflows, reflecting steady institutional interest and supporting continued positive momentum in ETH and crypto markets.
Coinbase reserves climbed to $112 billion, reflecting a marked increase in exchange-held BTC, ETH and stablecoins. According to CryptoOnchain, this is the highest reserve level since November 2021 and coincides with improved liquidity that could support bullish price action across major crypto assets.
Coinbase has integrated Morpho lending into its platform, enabling USDC holders to access on-chain lending yields without managing external wallets. Vaults are curated by advisory firm Steakhouse Financial, and Coinbase reports potential returns up to 10.8% APY for selected USDC lending vaults, compared with the platform’s current custodial USDC APY of up to 4.5%.

Source: CryptoQuant
What are Coinbase reserves and why do they matter?
Coinbase reserves are the total dollar value of assets the exchange holds in custody, including BTC, ETH and stablecoins. These reserves matter because rising on-exchange reserves can indicate increased liquidity and institutional inflows, which may support market depth and reduce volatility over time.
How can Coinbase USDC holders earn higher yields with Morpho?
Coinbase’s Morpho integration lets users route USDC into curated on-chain lending vaults without leaving the Coinbase app. Users may earn up to 10.8% APY depending on protocol liquidity and vault composition; Coinbase still recommends users review risk disclosures in-app before lending.
Why do Ethereum ETF inflows matter for price momentum?
Ethereum spot ETF inflows—a reported $163 million on Thursday after a $57 million outflow the prior day—signal institutional demand for regulated ETH exposure. Steady ETF inflows can increase buying pressure and support price performance versus purely spot-market flows.
Frequently Asked Questions
How did Coinbase reach $112 billion in reserves?
Coinbase’s reserves rose due to higher custodial balances of BTC, ETH and stablecoins, combined with inflows from retail and institutional investors. CryptoOnchain and on-chain data provider CryptoQuant report this is the highest level since November 2021.
How quickly can I start earning APY via Morpho on Coinbase?
You can begin lending USDC through Coinbase’s Morpho integration in minutes after selecting a curated vault and confirming the deposit. Confirmations and vault activation times depend on network congestion and Coinbase processing.
Key Takeaways
- Record reserves: Coinbase holds $112B in assets, indicating stronger on-exchange liquidity.
- Yield access: Morpho integration gives Coinbase users access to up to 10.8% APY on USDC via curated on-chain vaults.
- Institutional demand: $163M in ETH ETF inflows show ongoing institutional interest in regulated Ethereum exposure.
Conclusion
Rising Coinbase reserves, the addition of Morpho USDC lending and continued Ethereum ETF inflows together suggest growing market strength and improved liquidity conditions. Readers should review risk disclosures in the Coinbase app and monitor on-chain data from providers like CryptoOnchain and CryptoQuant for ongoing signals. For up-to-date analysis, follow COINOTAG coverage and product updates on the platform.