Coinbase adds Solana collateral loans through Morpho, allowing users to borrow up to $100,000

According to The Block, Coinbase has expanded its on-chain loan products supported by cryptocurrency, adding support for Solana, allowing users to collateralize SOL to borrow up to $100,000.

The loans are provided through the Morpho integration on Base, similar to collateralized loan products for Bitcoin, Ethereum, and others. A company spokesperson revealed that since its launch last year, Coinbase's total issuance of cryptocurrency collateralized loans has exceeded $2.3 billion, with Bitcoin collateralized loans accounting for $2.17 billion and Ethereum approximately $110 million.