Coinbase Expands Crypto Lending Services, Adding Support for XRP, DOGE, ADA, and LTC

Coinbase Expands Crypto Lending Services, Adding Support for XRP, DOGE, ADA, and LTC

In a significant move to enhance its lending offerings, Coinbase has announced the expansion of its crypto lending business to include Ripple (XRP), Dogecoin (DOGE), Cardano (ADA), and Litecoin (LTC). This development follows the company’s initial announcement in early 2025, allowing users to borrow against their Bitcoin holdings, with Ethereum added to the mix in November of last year.

The exchange’s lending product has already gained traction, with over $1.9 billion in loan originations reported to date. Users can now borrow up to $100,000 in USDC against their crypto assets without needing to liquidate their holdings. For Bitcoin, the borrowing limit is set at $5 million, while Ethereum users can access up to $1 million.

Coinbase’s recent regulatory filings reveal that the platform holds a staggering $17.23 billion in XRP, alongside $27.28 billion in “other crypto assets” at the end of Q4, which includes Bitcoin, Ethereum, Solana (SOL), and USDC. This robust asset base positions Coinbase as a formidable player in the crypto lending space.

CEO Brian Armstrong has emphasized the company’s vision to evolve into an “everything app” for cryptocurrency users, a strategy that was highlighted during a keynote event last December. This expansion is seen as a crucial step toward achieving that goal.

Despite the positive developments for Coinbase, the broader cryptocurrency market is experiencing a downturn. The market fell 1.6% in the last 24 hours, bringing its total capitalization to approximately $2.37 trillion. Bitcoin’s price dipped 2% to below $67,000, while Ethereum slid 2.7%, trading at $1,960. Retail sentiment around these major cryptocurrencies remains bearish, according to Stocktwits data.

While XRP, DOGE, ADA, and LTC also faced declines, sentiment varied across these assets. XRP remained in the bearish zone, Litecoin held steady in neutral territory, and both Cardano and Dogecoin experienced a bullish sentiment.

As Coinbase continues to innovate and expand its services, the crypto community watches closely, eager to see how these changes will impact the market landscape.

For ongoing updates and insights, stay tuned to our daily newsletter.