Coinbase Expands $1M Bitcoin-Backed Loans Nationwide—Global Launch Next

Crypto exchange Coinbase (Nasdaq: COIN) announced on social media platform X on April 30 that its bitcoin-backed loan service is now fully available to eligible customers across the United States, excluding New York.

The company stated: “As of April 30, 2025, customers can borrow up to $1M in USDC against their bitcoin to cover any of life’s expenses without selling their bitcoin.” Coinbase added:

Bitcoin-backed loans are available to all customers in the U.S., excluding New York. We’re also planning to expand BTC-backed loans to more countries.

- From CoinDesk