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

By John Kim

Canonical URL: https://www.tokenpost.com/news/business/51580
Published: 2026-11-08T12:09:34.000Z
Updated: 2026-11-08T12:09:34.000Z
Section: Business

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

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.