Coinbase Adds HYPE and ZEC as Collateral for Loans of Up to $100,000
Coinbase has added HYPE and ZEC as accepted collateral for its borrowing product, which supports loans of up to $100,000. The offering is powered by Morpho, operates on Base, and is available to eligible U.S. customers excluding residents of New York.
Why It Matters
Expanding accepted collateral broadens user access to on-chain borrowing and could increase utility for those tokens by enabling them to be used as loan security. The use of Morpho and Base indicates Coinbase is continuing to integrate third-party DeFi infrastructure and Layer 2 rails into its lending services.
Key Facts
- New collateral assets: HYPE and ZEC
- Maximum loan size: $100,000
- Protocol powering the product: Morpho
- Blockchain/rollup used: Base
- Geographic availability: Eligible U.S. users outside New York
Coinbase has expanded the list of assets users can pledge as collateral for its borrowing product by adding HYPE and ZEC. Borrowers using the product can take loans of up to $100,000 against accepted assets. The borrowing feature is built on Morpho’s infrastructure and runs on Base, Coinbase’s Ethereum Layer 2 rollup. The offering is restricted to eligible customers in the United States, with New York residents excluded from access. Coinbase’s announcement identifies Morpho as the technology partner supporting the lending experience and Base as the execution environment for the product. By accepting HYPE and ZEC as collateral, Coinbase lets holders of those tokens use them to secure loans within its borrowing flow. The integration leverages third-party DeFi tooling (Morpho) and Coinbase’s chosen Layer 2 (Base) rather than being a purely custodial, on‑chain service developed solely in-house. Coinbase did not state additional changes to loan terms, interest rates, or the broader collateral list in the provided excerpt. The update primarily signals product expansion — adding two tokens and confirming the technical stack and regional availability for the borrowing feature.