Key Takeaways:
Coinbase expanded U.K. access to USDC loans backed by BTC, ETH, and cbETH. Morpho strengthens Coinbase’s on-chain lending push as borrower demand stays strong. Expansion signals Coinbase aims to bring crypto-backed loans to more markets. Coinbase Expands Crypto-Backed Lending in UKCoinbase stated:
US Adoption Drives Coinbase’s Next Growth PhaseCoinbase framed the U.K. launch as the next step after strong U.S. traction. The announcement noted:
“Initial interest in the service in the US has been substantial with total loan originations through Coinbase on Morpho growing to over $2.17B USDC as of April 14, 2026.”
The firm emphasized: “Coinbase plans to continue expanding access to crypto-backed loans in more countries in the near future.” That trajectory positions the U.K. as the next phase in scaling crypto-backed lending, highlighting the company’s focus on replicating proven demand across regulated markets while expanding access to on-chain financial services.
