[Coinbase Bitcoin Collateralized Loans Surpass $1 Billion] Since its launch in January this year, Coinbase's Bitcoin collateralized loan service has issued over $1 billion. The service allows U.S. users to apply for cash loans using Bitcoin as collateral, with an average loan amount of $54,000 per transaction. To meet the needs of high-net-worth clients, Coinbase plans to increase the individual borrowing limit from $1 million to $5 million. Loan purposes include debt consolidation, medical expenses, and real estate investments.