Coinbase now lets users borrow up to $100K using Solana as collateral via Morpho on Base.

Coinbase has expanded its crypto lending service to include Solana (SOL) as collateral, allowing users to borrow up to $100,000 against their SOL holdings through the Morpho protocol on the Base network. This makes SOL the third major collateral asset on Coinbase after Bitcoin and Ethereum, reflecting Solana's growing liquidity and institutional acceptance. The move supports Coinbase's strategy to become an "Everything Exchange," where users can trade, hold, earn, borrow, and settle across major assets within one platform. Despite a $394 million net loss in Q1 and workforce cuts, Coinbase continues to invest in on-chain finance, with institutional analysts maintaining buy ratings on its stock. The addition of SOL lending may help reduce selling pressure on Solana by providing liquidity options without selling tokens, potentially supporting its price recovery toward $200 and beyond.