Coinbase has expanded its crypto-backed loan service to include XRP, ADA, DOGE, and LTC. The move reflects Coinbase’s strategy to broaden its service offerings amid evolving market demands.
What to Know:
- Coinbase has expanded its crypto-backed loan service to include XRP, ADA, DOGE, and LTC.
- The move reflects Coinbase’s strategy to broaden its service offerings amid evolving market demands.
- The inclusion of XRP could enhance its utility and liquidity, though immediate price impact has been limited by broader market conditions.
Coinbase has broadened its crypto-backed loan service, adding XRP, ADA, DOGE, and LTC to the list of accepted collateral. This expansion allows users to borrow USDC against their holdings without selling their assets. The move signals Coinbase’s intent to provide more flexible financial solutions within the crypto space.
Expansion of Coinbase Borrow
Coinbase Borrow, which initially supported only Bitcoin and Ethereum, allows users to leverage their crypto assets for borrowing stablecoins. The service was temporarily discontinued but relaunched in early 2025. Users can now borrow up to $100,000 in USDC using the newly added cryptocurrencies as collateral. This expansion provides increased flexibility for users seeking liquidity without liquidating their crypto positions.
Market Reaction and Liquidity
While the addition of XRP, ADA, DOGE, and LTC to Coinbase Borrow could potentially boost their reputation and accessibility, the immediate market reaction has been muted. XRP, along with the other newly supported assets, has continued to trade lower, reflecting prevailing bearish market conditions. The true impact on liquidity and price may unfold over time as more users utilize the service.
Coinbase’s Listing Impact
Historically, new asset listings on Coinbase have often resulted in significant price pumps for the involved cryptocurrencies. However, the impact varies, with some assets experiencing substantial gains upon listing or roadmap announcements. Conversely, the delisting of assets has typically led to price declines. The market’s reaction to Coinbase’s actions underscores the exchange’s influence on asset valuation.
Recent Listings and Market Dynamics
Coinbase has been actively adding new assets to its platform, including RAVE, WAL, AZTEC, and ESP. While some of these assets experienced initial price increases, the gains were not sustained across the board. RAVE, for example, has shown a notable increase, while others have trended downward, highlighting the diverse market dynamics at play.
Strategic Implications for XRP
The inclusion of XRP in Coinbase Borrow could have strategic implications for Ripple and the broader XRP ecosystem. By providing a means to leverage XRP holdings, Coinbase is enhancing the utility of the token. This move could potentially lead to increased adoption and integration of XRP in various financial applications, provided market conditions improve.
Related: XRP Meeting Confirmed: Crypto News
Source: Original article
Quick Summary
Coinbase has expanded its crypto-backed loan service to include XRP, ADA, DOGE, and LTC. The move reflects Coinbase’s strategy to broaden its service offerings amid evolving market demands. The inclusion of XRP could enhance its utility and liquidity, though immediate price impact has been limited by broader market conditions.
Source
Information sourced from official Ripple publications, institutional research, regulatory documentation and reputable crypto news outlets.
Author
Ripple Van Winkle is a cryptocurrency analyst and founder of XRP Right Now. He has been active in the crypto space for over 8 years and has generated more than 25 million views across YouTube covering XRP daily.
Editorial Note
Opinions are the author's alone and for informational purposes only. This publication does not provide investment advice.
