Morpho Partnership Powers Coinbase’s Growing Onchain Lending Market

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The new loan product deepens Coinbase’s collaboration with Morpho, the DeFi lending protocol integrated into the Coinbase app in September. Coinbase’s onchain lending markets have already processed over $1.25 billion in loans backed by $1.37 billion in collateral. About 13,500 wallets currently hold active borrowing positions, with nearly $810 million in loans outstanding, according to Dune Analytics.

[Nahid Hossen]

This partnership strengthens Coinbase’s onchain ecosystem in a major way.

[Abdul Khan]

Onchain lending is becoming the next big battleground — Coinbase wants the lead.