# Coinbase Launches Fixed-Rate Bitcoin Loans

> Coinbase now offers fixed-rate Bitcoin-backed loans for crypto investors.
- Title: Coinbase Launches Fixed-Rate Bitcoin Loans · The Motley Fool
- Summary: Coinbase now offers fixed-rate Bitcoin-backed loans for crypto investors. Coinbase introduced fixed-rate Bitcoin-backed loans through Morpho Midnight, but…
- Keywords: coinbase, morpho midnight, bitcoin, usdc, fixed-rate loans, variable-rate loans, lending protocol, base blockchain, finance, money, Launches, Fixed-Rate
- Source: The Motley Fool — https://fool.com/investing/2026/10/27/coinbase-offers-fixed-rate-bitcoin-backed-loans
- Author: Lyle Daly
- Published: 2026-10-27T17:43:00+00:00
- Read time: 1 min
- Topics: coinbase, morpho midnight, bitcoin, usdc, fixed-rate loans, variable-rate loans, lending protocol, base blockchain, finance, money
## Coinbase introduces fixed-rate loans
Coinbase launched fixed-rate Bitcoin-backed loans through Morpho Midnight on Sept 22.
## How loans work
Loans convert bitcoin to wrapped btc and lock it on base blockchain for short-term borrowing.
## Loan terms
Loans mature on last friday of month or next month with no early repayment discounts.
## LTV risks
Bitcoin price drops 13% from 75% loan limit could trigger liquidation at 86% threshold.
## Variable vs fixed loans
Variable-rate loans offer flexibility but risk rate increases; fixed-rate loans have set terms.
## Investor advice
Use loans only for emergencies with quick repayment plans to avoid liquidation risks.
## Key takeaway

Coinbase introduced fixed-rate Bitcoin-backed loans through Morpho Midnight, but investors must understand the short-term terms and liquidation risks.