Coinbase opens crypto-collateralized lending to UK users

CoinFeed reported on April 20th that, according to the official blog, Coinbase UK users can now borrow USDC within one minute using their Bitcoin, Ethereum, and cbETH as collateral. This lending product is powered by Morpho, an open-source lending protocol on the Base network, with interest rates changing every few seconds based on market conditions. Coinbase One members can also earn up to 3.5% annualized USDC yield rewards. The maximum loan amount for BTC-collateralized loans is $5 million USDC. Coinbase previously launched this product in the US in January 2025, and plans to expand its crypto-collateralized lending service to more countries in the future.