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Coinbase Brings Fixed-Term Bitcoin Borrowing to Users Through Morpho

Coinbase has expanded its crypto lending services with fixed-rate Bitcoin-backed loans through Morpho Midnight. According to the press release, the new product lets users borrow USDC while locking in borrowing costs and repayment dates…

CryptoRank

Publisher

Sep 22, 2026 at 10:25 PM UTC · 1 分钟阅读

Coinbase Brings Fixed-Term Bitcoin Borrowing to Users Through Morpho
Image via CryptoRank

Key Signal

$1.4B+ Outstanding loan balances

Entities

bitcoin, coinbase

Market Impact

BTC+1.99%$87,145

Last Updated

6 小时前

Coinbase has expanded its crypto lending services with fixed-rate Bitcoin-backed loans through Morpho Midnight. According to the press release, the new product lets users borrow USDC while locking in borrowing costs and repayment dates upfront. Consequently, borrowers gain a more predictable way to access liquidity without selling their Bitcoin.

The service adds a fixed-term option to Coinbase’s existing variable-rate lending products. Those loans use Morpho Blue and now exceed $1.4 billion in outstanding balances. They also have roughly $3 billion in collateral, according to Coinbase.

Fixed Rates Bring More Predictability

Morpho launched Midnight on Base in July to support fixed-rate lending. The protocol uses an onchain order book where lenders and borrowers submit offers. Therefore, market supply and demand determine the available borrowing rates.

Coinbase has n…

Read The Full Article Coinbase Brings Fixed-Term Bitcoin Borrowing to Users Through Morpho On Coin Edition.

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Originally reported by CryptoRank

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