Coinbase offers a loan of 1 million dollars with Ethereum.

Coinbase Offers Users a New Loan Option

Coinbase has announced that it will allow users to take out loans of up to $1 million against their staked (locked) Ethereum assets. This new feature opens up a way for investors to obtain liquidity without having to sell their assets.

Users will be able to benefit from credit limits determined by the amount of Ethereum they hold, allowing them to maintain a more flexible position in the markets. This could help investors minimize the risk of liquidation.

Coinbase's move stands out as part of the developments in the decentralized finance (DeFi) space. This initiative will enable users to utilize their assets more efficiently and seems likely to increase competition within the sector.