Coinbase has officially launched Bitcoin loans for U.S. users, allowing them to borrow against their Bitcoin holdings. This new offering enables customers to secure loans of up to $1 million, using Bitcoin as collateral. The initiative is part of Coinbase's strategy to enhance its financial services and provide users with more options for leveraging their crypto assets.

This launch comes after the company paused its previous borrowing program amid regulatory scrutiny from the SEC. The new loan service aims to cater to both retail and institutional clients, providing a streamlined process with competitive interest rates.

Coinbase's move reflects a growing trend in the cryptocurrency market, where users seek liquidity without having to sell their digital assets. By offering these loans, Coinbase is not only expanding its product offerings but also reinforcing its commitment to providing innovative financial solutions in the evolving crypto landscape.