The U.S.-based exchange Coinbase expanded its crypto-backed loan offerings to include XRP and ADA, with further additions of DOGE and LTC. Coinbase Borrow, launched in 2021, lets users take a loan using their cryptocurrency holdings as collateral rather than selling them, and it was revived at the start of 2025 after a pause. Previously, borrowers could obtain up to $5 million in USDC against BTC and up to $1 million against ETH.
The exchange announced the expansion by adding Ripple (XRP), Cardano (ADA), Dogecoin (DOGE), and Litecoin (LTC). The official announcement reads: “Borrowing up to $100K in USDC against your tokens, instantly, without selling,” and notes availability in the US excluding New York. Backed by Coinbase, the move could bolster liquidity and accessibility for these assets.
XRP, ADA, DOGE, and LTC have traded lower, reflecting the broader market’s bearish conditions. It is worth noting that strong price pumps often occur after Coinbase lists a token or signals listing intentions. Last summer, the company added SPX6900 (SPX), AWE Network (AWE), Dolomite (DOLO), Flock (FLOCK), and Solayer (LAYER) to its roadmap, and some of these assets moved higher following the disclosure. Towards the end of last year, Muse Dao (MUSE), League of Kingdoms Arena (LOKA), and Wrapped Centrifuge (WCFG) tumbled substantially after they were removed from Coinbase’s trading venue.
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