Coinbase has expanded its crypto-backed borrowing service by adding support for HYPE and ZEC as collateral. Eligible users can borrow instantly without selling those holdings, with loan amounts of up to $100,000. The service is currently available to users in the United States, excluding New York state. Coinbase said the offering is powered by the decentralized lending protocol Morpho and runs on the Base network. The update adds two more assets to the collateral options available through the company’s borrowing product.
Coinbase has widened its crypto-backed borrowing service, and now HYPE and ZEC can be used as collateral too.
Eligible users can get instant loans without selling those assets. The borrowing limit is $100,000.
Right now, the service is open to users in the United States, but not in New York state. It runs through the decentralized lending protocol Morpho and operates on the Base network.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
