Coinbase Introduces Bitcoin-Backed Loans with $45 Billion Market Target by 2030 Coinbase has launched Bitcoin-backed loans in partnership with Morpho, allowing users to borrow up to $100,000 in USDC against their Bitcoin holdings. Borrowers must maintain a 133% collateral ratio, with liquidation triggered if the loan balance reaches 86% of the collateral. The Bitcoin-backed loan market is expected to grow from $8.5 billion in 2024 to $45 billion by 2030, fueled by increasing crypto adoption.