Coinbase Relaunches Bitcoin Loans for U.S. Customers

After teaming up with Morpho, the exchange is once again offering BTC-backed loans.

This marks a significant step forward for the Bitcoin lending sector in America.
Borrow Against Bitcoin: Liquidity Without Selling Your Crypto

The new feature allows eligible users to borrow against their Bitcoin holdings. This will unlock liquidity without selling their digital assets. These loans are currently available to all American customers, except those in New York due to regulatory restrictions. Coinbase has hinted at plans to expand the offering, signaling a broader rollout in the future.

This development could be a lifeline for Bitcoin holders looking for financial flexibility. Instead of cashing out their assets, users can leverage their Bitcoin for quick funds, all while maintaining ownership. It’s a win-win for those who want to keep their crypto investments intact while handling day-to-day expenses or seizing other financial opportunities.

More About Coinbase

The explosive growth of stablecoins in 2024 emphasizes their increasing importance in the digital economy. It shows a remarkable 73% growth in the market cap of USDC, reflecting rising adoption and trust in this asset class. Stablecoins hit a record-high market cap of $193 billion, demonstrating their utility and demand.

Furthermore, $27.1 trillion worth of transactions were settled using stablecoins, showcasing their critical role in global financial activity and payment solutions. These statistics underscore stablecoins’ pivotal position as a bridge between traditional finance and cryptocurrency markets.

Disclaimer

The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted risk tolerance levels of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses you may incur due to any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.

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