Coinbase has launched a new borrowing feature that allows users to access up to $1 million in liquidity using cbETH — its tokenized representation of staked ether — as collateral, giving investors a way to raise cash without selling or unstaking their ETH. The product, now available to eligible U.S. customers excluding New York, lets users borrow USDC against cbETH held on the platform and convert it to dollars inside Coinbase. The move suggests growing demand for ways to unlock liquidity from staked as ...