Important Coinbase announcement for XRP, ADA and other Altcoin investors

“Borrow up to $100k in USD against your tokens, instantly, without selling,” the ad reads.

US-based exchange Coinbase has expanded its crypto-backed lending offering to include additional tokens such as Ripple's XRP and Cardano's ADA.

For now, the new service is available across the USA, except for residents of New York State.

Additional support for these assets

The company In 2021, Coinbase introduced its loan product called Borrow. After two years, it was discontinued and brought back in early 2025.

Coinbase Borrow allows users to borrow their cryptocurrency holdings as collateral instead of selling them. Until recently, customers were able to borrow up to $5 million on their Bitcoin (BTC) holdings and up to $1 million on the stablecoin Ethereum (ETH). The exchange, however, decided to expand its services by adding Ripple (XRP), Cardano (ADA), Dogecoin (DOGE) and Litecoin (LTC).

“Now you can unlock the value of your portfolio without leaving your position. Borrow up to $100K USDC against your tokens instantly, without selling. Now available in the US (eg NY),” says the official announcement.

Support from major exchanges such as Coinbase has a positive impact on the value of participating cryptocurrencies by increasing their reputation and reach. Meanwhile, XRP, ADA, DOGE and LTC continued to trade lower, reflecting broader market conditions.

It should be noted that the strongest price pumps occur immediately after Coinbase lists a token or expresses its intention to do so. Last summer, for example, the company added SPX6900 ( SPX ), AWE Network ( AWE ), Dolomite ( DOLO ), Flock ( FLOCK ), and Solayer ( LAYER ) to its roadmap. Some of the respective assets headed north in double digits following the announcement.

It's a completely different story when Coinbase discontinues services with certain coins. At the end of last year, Muse Dao (MUSE), League of Kingdoms Arena (LOKA), and Package Centrifuge (WCFG) all fell sharply after being removed from the market.

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What else is new at Coinbase?

The exchange has been very active recently which allows more trading options for its clients. Earlier this month it announced that users can buy, sell, exchange, send, receive or store RaveDAO (RAVE), Walrus (WAL), AZTEC (AZTEC) and Espresso (ESP). All assets are available on Coinbase official website and app.

Wall, Aztech and ESP all experienced price increases after the news, but headed south. On the other hand, RAVE continues to increase and currently hovers around $0.44 (on CoinGecko), which represents a weekly increase of 25%.