Major Coinbase Announcement on XRP, ADA and Other Altcoin Investors

“Borrow up to $100,000 USDC against your tokens, immediately, without selling,” the announcement reads.

Currently, the new service is available throughout the US, except for residents of New York State.

Further support for these assets

The company introduced its lending product, called Coinbase Borrow, in 2021. Two years later, it discontinued the service but brought it back in early 2025.

Coinbase Borrow allows users to take out a loan by using their cryptocurrency holdings as collateral instead of selling them. Until recently, customers could borrow up to $5 million in USDC against their Bitcoin (BTC) holdings and as much as $1 million in stablecoin against Ethereum (ETH). However, the exchange decided to expand the service with add Ripple (XRP), Cardano (ADA), Dogecoin (DOGE) and Litecoin (LTC).

“Now you can unlock the value of your portfolio without giving up your position. You can borrow up to $100,000 of USDC against your tokens, immediately, without selling. Now available in the US (ex. NY),” reads the official announcement.

Support from a major exchange like Coinbase can positively influence the prices of the cryptocurrencies involved by increasing their reputation and accessibility. However, in this case, XRP, ADA, DOGE and LTC continued to trade lower, reflecting bearish conditions in the broader market.

It is important to note that the strongest price increases typically occur immediately after Coinbase lists a token or announces its intentions to do so. For example, last summer the company added SPX6900 (SPX), AWE Network (AWE), Dolomite (DOLO), Flock (FLOCK) and Solayer (LAYER) to its roadmap. Some of the assets involved went north by double digits after the revelation.

It is a completely different story when Coinbase terminates the service with certain coins. Towards the end of last year, Muse Dao (MUSE), League of Kingdoms Arena (LOKA), and Wrapped Centrifuge (WCFG) plummeted significantly after being removed from the trading platform.

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What else is new on Coinbase?

The exchange has been quite active lately, allowing additional trading options for its customers. It was earlier this month announced which allows users to buy, sell, convert, send, receive or store RaveDAO (RAVE), Walrus (WAL), AZTEC (AZTEC) and Espresso (ESP). All assets are live on Coinbase’s official website and application.

WAL, AZTEC and ESP saw an initial price increase after the news, but then headed south. RAVE, on the other hand, has continued to pump and is currently trading around $0.44 (per CoinGecko), representing a weekly increase of 25%.