Coinbase (COIN) said its bitcoin-backed loan program has surpassed $1 billion in originations since launching in January, underscoring growing demand for crypto as collateral. The exchange currently offers retail customers in the U.S. the ability to borrow cash against bitcoin (BTC) holdings through the on-chain Morpho platform. A spokesperson said the average loan size sits at$54,000 but noted the firm plans to raise its borrowing cap from $1 million to$5 million in the coming weeks. “We do see some u ...