Coinbase Lets You Borrow Up to $1M Using Staked ETH

Coinbase has introduced a borrowing feature allowing eligible U.S. users to access up to $1 million in USDC loans using cbETH (staked Eth) as collateral. cbETH represents staked ETH on Coinbase, enabling users to retain ETH price exposure and staking rewards without selling assets. This avoids capital gains taxes associated with sales. It also signals how fast crypto-backed lending is moving into the mainstream. Big platforms now package DeFi-style tools for regular users. EXPLORE: Why is BNB Crypto Down ...