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Coinbase Opens PAXG-Backed Borrowing in Canada and U.S. Outside New York

Morpho supports the service, which has variable rates and carries liquidation risk; access depends on eligibility and market conditions.

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A gold bar held inside a compact steel collateral clamp / TokenPost.ai
A gold bar held inside a compact steel collateral clamp / TokenPost.ai

Coinbase has made PAXG-backed borrowing available to eligible customers in Canada and the United States outside New York, offering a Morpho-supported loan option with variable rates and collateral risk.

Customers can borrow against PAXG. Availability and terms vary by jurisdiction and depend on eligibility and market conditions, while rates may change.

The PAXG-backed loans carry risks, including liquidation of collateral.

John Kim

John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.

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