Coinbase Introduces Fixed-Rate Bitcoin-Backed Loans through Morpho Midnight

Coinbase has introduced fixed-rate bitcoin-backed loans through Morpho Midnight. This new feature allows users to borrow US dollars while maintaining control of their BTC holdings.

The loans are offered at a fixed interest rate, with no compounding fees or margin calls. Coinbase aims to provide more flexibility for its customers, particularly those who need access to cash but do not want to sell their Bitcoin.

Morpho Midnight is a part of Coinbase's lending platform, which provides users with the ability to borrow against their crypto assets while maintaining ownership and control over them.