Coinbase Expands Base Ecosystem with UK Crypto Lending Service

Coinbase launches crypto lending services in the UK, allowing users to borrow USDC quickly using Bitcoin and Ethereum as collateral.

Coinbase has expanded its crypto-backed lending service to the United Kingdom market. Now, Users have the option to borrow up to $5,000,000 in USDC with crypto assets. The service is based on Base blockchain and Morpho protocol. Consequently, the UK users will be able to get funds without the need to sell their holdings.

Coinbase launches fast crypto-backed loans for UK users

As of April 2026, Coinbase supports Bitcoin, Ethereum, and cbETH as collateral assets, according to a Coinbase blog post. These assets have to be locked onchain in a smart contract by the users. Nevertheless, the system keeps loans overcollateralized to be safe. Therefore, lenders stay protected against sudden market price drops.

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In addition, Coinbase allows users to borrow USDC within less than one minute using the Coinbase app. To begin with, they choose the borrow option and a crypto asset. Then they input the amount of loan and confirm the transaction. Then, Morpho processes the request and transfers funds immediately to the account.

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Also, the borrowed USDC can be utilized in various ways. Users can exchange it into GBP or transfer it around the world with no charges. This characteristic offers liquidity without compromising on long-term investments. Thus, users do not sell Bitcoin or Ethereum when the market is fluctuating.

This service also offers additional benefits to Coinbase One members. They can earn up to 3.5% APY rewards on USDC balances. This means that users are able to borrow and earn simultaneously. This two-fold advantage promotes active utilization of digital resources in everyday finance.

Coinbase strengthens UK presence with expanding financial services

This introduction helps Coinbase to achieve its vision of being a leading financial platform in the UK. Earlier, the company launched savings accounts in November 2025. It also introduced DEX trading in April 2026. Moreover, Coinbase was registered by the Financial Conduct Authority in February 2025.

Moreover, the lending service is based on a good performance in the United States market. In January 2025, Coinbase released this product there. Since that time, the total loan originations have exceeded 2.17 billion USDC as of April 14, 2026. This information demonstrates the increasing demand in crypto-backed borrowing services.

The company is going to extend this service to other countries in the near future. It seeks to provide easy and quick financial services around the world. Therefore, crypto-backed lending could grow rapidly across markets. This trend highlights the increasing adoption of blockchain-based financial solutions.

On the whole, the new service enhances the Base ecosystem in the United Kingdom. It bridges the gap between crypto assets and real-life financial requirements. Onchain finance is growing as more users embrace these tools. As a result, these services can transform the way individuals handle money and digital assets.

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