In a strategic move to diversify its offerings, centralized cryptocurrency exchange Coinbase has restarted its Bitcoin-backed loan services. This initiative is facilitated through Morpho, a lending protocol integrated into Coinbase’s Ethereum layer-2 network, known as Base.
This move signifies Coinbase's commitment to expanding its decentralized finance (DeFi) footprint, leveraging the security and scalability of the Ethereum ecosystem to offer innovative financial solutions.