Coinbase UK users borrow $5M on Base: The liquidity mirage hides true leverage.
Coinbase extends its digital lending services across the Atlantic, deepening global market integration. The Institutionalization of On-Chain Leverage: Decoding Coinbase’s $5 Million UK Credit Expansion Coinbase is no longer just an exchange; it is evolving into the primary credit facility for the decentralized economy. The recent launch of crypto-backed USDC loans for UK residents is not merely a product expansion. It is a calculated move to institutionalize on-chain leverage under a regulated umbrella, effectively turning "diamond hands" into a permanent line of credit. The illusion of effortless liquidity often masks significant underlying leverage risks. ⚡ Strategic Verdict This expansion isn't about user liquidity—it’s a structural moat designed to capture and lock global crypto equity...