In what is sure to be an important development for the digital asset industry in the country, Coin base has officially launched Bitcoin loans for US users. In fact, users in the US will once again be able to get BTC loans directly from the cryptocurrency exchange.
The recurring feature is a key part of the platform’s latest partnership with a centralized financial lender Morpho. Currently, access to the new crypto-based loans is available to all US customers outside of New York State. In addition, they are expected to expand the range in the coming years.
JUST IN: 🇺🇸 Coinbase launches Bitcoin loans for US users.
— Watcher.Guru (@WatcherGuru) January 16, 2025
Coinbase brings back Bitcoin loans for US customers through new partnerships
Things are expected to change for the US cryptocurrency market. In four days, the President of the United States will take office Donald Trump to be inaugurated. Additionally, he is set to bring with him a complete overhaul of the regulatory challenges that have stifled the market’s growth in the country for the past four years.
That reality seems to have prompted a host of businesses to embrace expansion. Among them is Coinbase, which has officially launched the return of Bitcoin loans to its US users. In fact, the cryptocurrency exchange is bringing back the feature after a recent partnership, according to a DL News Report.
However, Coinbase has promised to learn from these mistakes. In fact, the company notes that their Bitcoin loans are very different this time around. They simply act as an intermediary. In addition, they will be powered by a lending protocol in Morpho which currently has $3.7 billion in deposits.
