Coinbase's bitcoin-backed loan program has surpassed $1 billion in originations since its launch in January. The program allows U.S. retail customers to borrow cash against their BTC holdings via the Morpho platform, with an average loan size of $54,000. In response to growing demand, Coinbase plans to increase the borrowing cap from $1 million to $5 million in the coming weeks. This product offers users liquidity without the need to sell their bitcoin, catering to needs such as debt consolidation, medical expenses, real estate investment, and high-cost purchases. The expansion of this service aligns with the broader growth of the asset-based lending market, which is projected to reach $1.3 trillion by 2030.