According to @AltcoinDaily, Coinbase has introduced crypto-backed loans powered by Morpho that allow borrowing up to $5M using BTC or up to $1M using ETH with typical rates between 4-8%, with loans originating in seconds, no additional credit checks, and repayment anytime, source: @AltcoinDaily; Coinbase official borrow page. The announcement states funds can be used for down payments, debt refinancing, and unexpected bills, highlighting collateral options limited to BTC and ETH, source: @AltcoinDaily; Coinbase official borrow page. For traders, the trading-relevant parameters are the supported collateral (BTC, ETH), the loan caps ($5M for BTC and $1M for ETH), and the 4-8% rate range that sets the stated cost of capital for borrowing against crypto holdings, source: @AltcoinDaily; Coinbase official borrow page.