Coinbase Launches $1M ETH Staking Loans: Borrow Against Staked Ethereum Without Selling

Cryptocurrency exchange Coinbase has introduced a significant new feature for its users, allowing them to borrow up to $1 million against their staked Ether (ETH). This service enables Ethereum holders to access liquidity from their staked assets without the need to sell them, unlocking capital while continuing to earn staking rewards. The move is seen as a major development in decentralized finance (DeFi) accessibility through a centralized platform. By using staked ETH as collateral, users can obtain USD loans, providing financial flexibility. This product caters primarily to institutional and high-net-worth clients, expanding Coinbase's suite of financial services and supporting the broader Ethereum ecosystem by reducing sell pressure on staked tokens.