Coinbase Doubles Onchain Lending as Market Share Takes Hit

Coinbase has significantly expanded its on-chain lending platform, exceeding $600 million in assets, despite a 6% decline in global market share. The move aligns with strategic partnerships and growing DeFi adoption. Coinbase’s expansion is fueled by collaboration with institutions like JPMorgan, driving a shift towards an all-encompassing exchange that caters to diverse asset classes.