Coinbase expands crypto-backed loans to HYPE and ZEC
Coinbase expanded its crypto-backed lending to HYPE and ZEC, letting US users (excluding New York) instantly borrow up to $100,000 against those assets instead of selling them. The loans are powered by Morpho on Base, extending the exchange's earlier launch of fixed-rate Bitcoin-backed loans built by Morpho Midnight on Base.
Borrowers keep their crypto while drawing liquidity, locking in their rate and repayment dates before taking out the loan.
- Instant loans up to $100K against HYPE and ZEC
- Live in the US, excluding New York
Sources
- Available in the U.S. (ex. NY). Powered by @Morpho, running on @base. Get started ↓ https://t.co/lCUAyQSHOi Replying to their earlier post: Assets you swore you'd never sell: - HYPE - ZEC Assets you can now instantly borrow up to $100k against instead of selling: - HYPE - ZEC Guess that works out. https://t.co/FX9qGdSrXux.com ↗
- Assets you swore you'd never sell: - HYPE - ZEC Assets you can now instantly borrow up to $100k against instead of selling: - HYPE - ZEC Guess that works out. https://t.co/FX9qGdSrXux.com ↗
- Available now in the US, excluding NY. Learn more ↓ https://t.co/lCUAyQSHOi Replying to their earlier post: Keep your Bitcoin, get liquidity. With fixed-rate loans backed by Bitcoin you can lock in your rate and repayment dates before you borrow. Built by @Morpho Midnight on @Base. https://t.co/1oEf6L5Efdx.com ↗
- Keep your Bitcoin, get liquidity. With fixed-rate loans backed by Bitcoin you can lock in your rate and repayment dates before you borrow. Built by @Morpho Midnight on @Base. https://t.co/1oEf6L5Efdx.com ↗
