In what is surely an important development for the digital asset industry within the country, Coinbase has officially launched Bitcoin loans for US users. Indeed, users in the United States will once again be able to get BTC loans directly from the cryptocurrency exchange.
The returning feature is a key part of the platform’s recent partnership with centralized finance lender Morpho. Currently, access to the new crypto-based loans is available to all American customers outside of the state of New York. Moreover, they are expected to expand the offering in the coming years.
JUST IN: 🇺🇸 Coinbase launches Bitcoin loans for US users.
— Watcher.Guru (@WatcherGuru) January 16, 2025
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Coinbase Brings Back Bitcoin Loans for US Customers Through New Partnerships
Things are expected to change for the US cryptocurrency market. In four days, US President-elect Donald Trump is set to be inaugurated. Moreover, he is poised to bring with him a complete overhaul of the regulatory challenges that have stifled the market’s growth in the country over the last four years.
That reality has seemingly emboldened a host of companies to embrace expansion. Among them is Coinbase, which has officially launched the return of Bitcoin loans to its US users. Indeed, the cryptocurrency exchange is bringing back the feature following a recent partnership, according to a DL News report.
Also Read: Is Coinbase Stock Worth Investing for Next 3 Years?
There is no denying that cryptocurrency lending has a checkered history, to say the least. During 2022’s harrowing crypto winter, a plethora of lending platforms ultimately collapsed. Celsius, Genesis, and BlockFi were among the billion-dollar firms that would end the year bankrupt. Additionally, they would cause billions in losses.
However, Coinbase has promised to learn from those mistakes. Indeed, the company notes that its Bitcoin loans are far different this time. They are operating simply as the middleman. Moreover, they will be powered by a lending protocol in Morpho that currently has $3.7 billion in deposits.
