Coinbase Expands Crypto Lending with ETH Collateral Support

In a significant move that strengthens Ethereum's utility in decentralized finance, Coinbase has announced the expansion of its on-chain lending services to include Ether (ETH) as acceptable collateral. This strategic development, launched on November 23, 2025, enables qualified users to access loans up to $1 million in USDC stablecoin while maintaining their cryptocurrency positions intact. The integration represents a major step forward in making crypto assets more financially productive without requiring liquidation. The service operates through the sophisticated Morpho lending protocol deployed on Base, Coinbase's layer-2 scaling solution, while Coinbase provides the user-friendly front-end interface. This combination leverages the security and efficiency of blockchain technology with the accessibility of traditional financial platforms. The lending structure offers a generous 75% loan-to-value ratio for ETH-backed loans, though users should note that positions become subject to liquidation if the collateral value drops to 86% of the loan amount. Notably, the platform utilizes Wrapped ETH (WETH) as the technical implementation for collateral management, ensuring seamless interoperability with the broader DeFi ecosystem. This expansion follows Coinbase's ongoing commitment to building comprehensive financial infrastructure around digital assets. By allowing ETH holders to unlock liquidity without selling their positions, Coinbase addresses a critical need in the crypto market while potentially reducing selling pressure during market downturns. This development signals growing institutional confidence in Ethereum's long-term value and utility. It also demonstrates how traditional crypto exchanges are evolving into full-service financial platforms that bridge the gap between conventional finance and decentralized technologies. The move is expected to attract both institutional and sophisticated retail investors seeking capital efficiency while maintaining exposure to potential ETH appreciation.

Coinbase Expands Onchain Lending to Include ETH as Collateral

Coinbase has broadened its on-chain lending capabilities by now accepting Ether (ETH) as collateral. Eligible users can secure loans of up to $1 million in USDC without liquidating their crypto holdings. The service operates via the Morpho lending protocol on Base, with Coinbase managing the front-end interface.

Loans backed by ETH permit a loan-to-value ratio of 75%, triggering liquidation at 86%. Wrapped ETH (WETH) serves as the initial collateral, with staked ETH support slated for future integration. "Access to liquidity shouldn’t require selling assets you believe in," said Ben Shen, Coinbase’s Senior Product Director, hinting at further product expansions.

Coinbase Stock Drops 6% Amid Bitcoin ETF Pressure and Analyst Downgrade

Coinbase Global (COIN) shares fell sharply after Erste Group analyst Hans Engel downgraded the stock from Buy to Hold. The move reflects growing concerns over the impact of low-cost Bitcoin ETFs on Coinbase's revenue model. Engel noted that while the platform remains a leader in crypto trading, the shift toward ETFs could erode profitability by reducing direct retail trading activity.

The company is actively diversifying its business, hiring former Goldman Sachs partner Liz Martin to spearhead expansion into derivatives and tokenized assets. This strategic pivot aims to position Coinbase as an 'Everything Exchange,' bridging traditional finance with blockchain markets. Meanwhile, speculation swirls around a potential collaboration with prediction market platform Kalshi.

Coinbase Launches ETH-Backed Loans Amid Market Volatility

Coinbase has introduced Ethereum-backed loans, allowing U.S. users (excluding New York State) to borrow USDC without selling their ETH holdings. The product, powered by Morpho's on-chain lending protocol, offers flexible repayment terms and rapid disbursement—up to $1 million against ETH and $5 million against BTC.

The move reflects a broader trend in DeFi where ethereum is increasingly utilized as collateral rather than a passive investment. By enabling ETH holders to access liquidity during volatile markets, Coinbase provides an alternative to taxable sales while maintaining exposure to potential upside.

This rollout coincides with ETH trading below $3,000 and expands Coinbase's crypto-collateralized lending beyond Bitcoin. The integration with Base network's open-source infrastructure underscores the exchange's commitment to blending centralized finance reliability with decentralized innovation.

US Senator Pushes for December Vote on Crypto Bill, Eyes 2026 Market Impact

US Senate Banking Committee Chair Tim Scott has set the stage for a pivotal December vote on a crypto market structure bill, with potential enactment by early 2026. The legislation, touted as a catalyst to establish America as the "crypto capital of the world," has drawn public support from Coinbase CEO Brian Armstrong, who noted significant progress during recent Washington DC negotiations.

Against this regulatory backdrop, DeepSnitch AI (DSNT), TRON (TRX), and Ripple (XRP) emerge as highlighted investments for 2026. DeepSnitch AI's $0.02381 entry price and retail-focused market intelligence tools position it as a standout among speculative assets. Market observers anticipate the bill's clarification of US crypto rules could buoy the broader digital asset ecosystem.

Coinbase Launches ETH-Backed Loans, Unlocking $1M Liquidity Without Forced Sales

Coinbase has introduced a Ethereum-backed lending service, allowing US users to borrow up to $1 million in USDC against their ETH holdings. The product, built on Morpho's decentralized protocol via Coinbase's Base network, sidesteps traditional liquidation risks by maintaining an 86% loan-to-value threshold.

The exchange has already facilitated $1.25 billion in loan originations, with $810 million currently active. While available across most US states, New York regulators have blocked access—a recurring hurdle for crypto innovations.

This MOVE signals Coinbase's strategic pivot toward institutional-grade financial products. The platform plans to expand collateral options to include cbETH, its staked Ether token, as demand grows.

Monad Premarket Perps Drop 20% Ahead of Mainnet Launch

Monad’s premarket perpetual contracts have tumbled 20% as traders scrutinize the project’s ICO progress, valuation, and token distribution ahead of its November 24 mainnet debut. Polymarket data reveals a consensus expectation for Monad’s market cap to exceed $2 billion, though confidence wanes sharply at higher valuations.

Critics have raised concerns over Monad’s token distribution and the use of its ecosystem fund, casting doubt on transparency and community participation. With two days remaining, Monad’s ICO on Coinbase has raised $159.56 million, nearing its $187.5 million target.

The market’s cautious Optimism is reflected in Polymarket’s betting odds: an 86-cent premium for a "Yes" bet on Monad surpassing $2 billion, versus 15 cents for the "No" side. Fewer than 40% of traders expect a $3 billion valuation, and just 21% see it reaching $4 billion.