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StocksMediumUpdated×6•Originally published 21 April 2026•Updated 22 April 2026•

1 min read

Coinbase Expands UK Presence with Launch of Crypto-Backed Loan Services

Key Facts

1Coinbase launched crypto-backed loan services in the UK using Bitcoin and Ethereum as collateral.

about 1 month ago

Version History

2 additional sources confirmed this story

Version 6about 1 month ago

What changed: Added details regarding tGBP testing in the FCA regulatory sandbox and the expansion of local-currency rails for stablecoin transfers.

Version 5about 1 month ago

What changed: Added the official tGBP listing date of April 22 and clarified its global availability to users.

Version 4about 1 month ago

What changed: Added information regarding the listing of the tGBP stablecoin, backed by the British pound, to complement the expansion of financial services in the UK.

Version 3about 1 month ago

Version 2about 1 month ago

Version 1about 1 month ago

What changed: Added specific loan limits for BTC and ETH, historical US loan origination volumes, and the context of the FCA registration.

Coinbase Global has expanded its UK product suite by introducing crypto-backed loans following its FCA registration in February 2025. The service allows users to borrow up to $5 million in USDC against Bitcoin and $1 million against Ethereum via the Morpho protocol on the Base network. Strategically, the exchange listed the tGBP stablecoin globally on April 22, which was notably tested within the FCA’s regulatory sandbox prior to its debut. Coinbase is now enabling users to move pound-pegged stablecoins across its app and exchange, marking a significant expansion into local-currency rails. These initiatives aim to diversify revenue streams beyond trading fees while strengthening institutional interest income. Analysts suggest that integrating local stablecoins into the lending ecosystem solidifies Coinbase's position as a comprehensive digital asset hub.