Coinbase Is Letting You Borrow Against Your Bitcoin — Here’s How It Works and Why People Are Talking About It
Picture this. You’ve been holding Bitcoin for months, maybe years. Prices have been moving in your favor, and you don’t want to sell because you believe there’s more upside ahead. But something comes up. You need cash.
Until now, that usually meant two bad options. Either you sell and lose your position (and possibly trigger taxes), or you take out a high-interest personal loan from a bank.
Coinbase just gave us a third option. You can now borrow money using your Bitcoin as collateral. And you don’t have to sell a single satoshi to do it.
This is made possible by Morpho, an open-source lending platform that runs on Coinbase’s Base blockchain. If you’ve been wondering how to turn your crypto into spendable cash without losing your investment, this is worth understanding.