Coinbase Launches Loans Backed by Staked Crypto, Reaching $2.3B Milestone

Key Facts

1Coinbase enabled US investors to take loans backed by staked ETH and SOL assets.

2Total loan originations through this service have reached $2.3 billion.

In a move reflecting the drive by major exchanges to enhance digital asset liquidity, Coinbase has enabled US investors to secure loans backed by staked Ethereum (ETH) and Solana (SOL) assets. According to reports, total loan originations through this service have already reached $2.3 billion. This initiative aims to provide users with liquidity options while allowing them to maintain their staking positions and earn rewards, despite inherent risks from market volatility and fluctuating interest rates.

This expansion comes amid intensifying competition in the crypto-lending sector as Coinbase seeks to diversify revenue streams beyond traditional trading volumes. In comparison, recent earnings reports from Robinhood (HOOD) showed a 232% year-over-year surge in crypto-related revenue, per search data, pressuring Coinbase to innovate in value-added services. Furthermore, high US interest rates, maintained at 5.25% - 5.50% per Federal Reserve data, continue to influence the cost of borrowing against digital collateral.

Regarding market performance, COIN shares stood at $169.62 (close June 15, 2026), after hitting an intraday high of $174.44. Investors should watch upcoming US economic catalysts, specifically the Initial Jobless Claims on June 11, which could impact risk appetite in the tech and crypto sectors. Traders will also monitor technical support levels near the recent low of $168.63 recorded in the latest market data.