Coinbase has significantly increased the loan limit for its Bitcoin-backed lending program, raising the maximum from $100,000 to a substantial $1 million. This move signals Coinbase's intent to aggressively expand its on-chain lending initiatives. The Block reported that the increased loan limit is part of Coinbase's strategy to accelerate the adoption of its DeFi lending program. Earlier this year, in January, Coinbase reintroduced Bitcoin lending services to its US-based customers. However, this time, the loans are facilitated through the decentralized finance (DeFi) lending protocol, Morpho, marking a shift towards leveraging DeFi infrastructure. This allows for more transparent and potentially more competitive lending rates. This expansion allows larger institutional players to participate. ```

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