Coinbase Revives Bitcoin Loans for U.S. Users via Morpho Partnership, Excluding New York; 100 Million Users

Jan 16, 2025, 01:46 PM

Coinbase has reintroduced Bitcoin loans for U.S. users, this time partnering with DeFi lender Morpho. Unlike its previous attempt in 2023, Coinbase will not act as the direct lender but will serve as an intermediary, allowing users to borrow against their Bitcoin holdings without selling them. This initiative marks a notable advancement into decentralized finance (DeFi) for Coinbase, which currently boasts 100 million users. Notably, the service will not be available for residents of New York.