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Bitcoin holders borrow $1.6B on Base via tokenized BTC, signaling growing DeFi use.

Protocol Fundamentals
19 Oct 2026
Crypto Briefing
View Source
Bullish
Bitcoin holders borrow $1.6B on Base via tokenized BTC, signaling growing DeFi use.

Bitcoin holders are borrowing a record $1.6 billion on the Base platform using tokenized Bitcoin, mainly Coinbase's cbBTC, as collateral. This borrowing is facilitated through DeFi lending platforms like Morpho and Aave without direct user interaction with protocols. The surge highlights Base's expanding role in Bitcoin-backed DeFi loans, though market interest in a Base token launch remains cautious. Investors should watch for announcements from Coinbase and Base, as well as regulatory changes that could affect the platform's future.

Bitcoin holders borrowing on Base reached a record $1.6 billion. For readers following cryptocurrency markets, here is Pluang's market snapshot as of Oct 19, 2026 21:22 WIB: among 50 major cryptocurrencies, 40 rose and 9 fell. Notable movers include ATOM at Rp31.474 (+6.18%), DOT at Rp20.369 (+5.46%), and CRV at Rp6.306 (+4.16%).

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