Coinbase launches crypto-collateralized lending in the UK, supporting BTC, ETH, and cbETH.

CoinFeed reported on April 20th that Coinbase UK has launched a crypto-backed lending service in the UK, allowing users to borrow USDC using their BTC, ETH, and cbETH holdings as collateral, thus obtaining liquidity without having to sell their crypto assets. The service is powered by Morpho's lending infrastructure, with Coinbase Bermuda Technologies Ltd. providing the product interface. Interest rates are floating and dynamically adjusted based on Morpho's lending pools, with plans to expand the range of assets that can be used as collateral in the future.