Coinbase：一步一步打造美國鏈上銀行

Coinbase 將自己戰略定位為美國首選的鏈上銀行。從 ETH 支持的貸款到 DeFi 集成，以下是內幕消息。

Coinbase: Building the On-Chain Bank of the US, One Step at a Time

Coinbase：一步一步打造美國鏈上銀行

Coinbase is strategically positioning itself as the go-to on-chain bank in the US. From ETH-backed loans to DeFi integrations, here's the inside scoop.

Coinbase 將自己戰略定位為美國首選的鏈上銀行。從 ETH 支持的貸款到 DeFi 集成，以下是內幕消息。

Coinbase's Ambitious Vision

Coinbase 的雄心勃勃的願景

Forget just another crypto exchange feature. Coinbase is laser-focused on building a comprehensive, US-compliant financial system that operates on-chain, bypassing traditional Wall Street infrastructure. Think of it as a crypto-native financial hub.

忘記另一個加密貨幣交換功能吧。 Coinbase 專注於構建一個全面的、符合美國標準的、在鏈上運行的金融系統，繞過傳統的華爾街基礎設施。將其視為加密貨幣原生金融中心。

ETH-Backed Loans: A Key Piece of the Puzzle

ETH 支持的貸款：難題的關鍵部分

The recent launch of ETH-collateralized loans for US users (excluding New York, *bummer*) is a significant step. Users can now borrow USDC against their ETH holdings, unlocking liquidity without having to sell. This service, powered by Morpho on Base, isn't just a new feature; it's a strategic move to make crypto assets more usable and less speculative.

最近為美國用戶（不包括紐約，*令人失望*）推出的 ETH 抵押貸款是重要的一步。用戶現在可以用其持有的 ETH 借入 USDC，無需出售即可釋放流動性。這項服務由 Morpho on Base 提供支持，它不僅僅是一項新功能，而且是一項新功能。這是一項戰略舉措，旨在提高加密資產的可用性並減少投機性。

The Numbers Don't Lie

數字不會說謊

Coinbase's on-chain lending was already substantial before this latest product launch. Data reveals over $1.25 billion in loan originations, backed by $1.37 billion in collateral. This isn't just about starting something new; it's about scaling something that's already working. The Morpho integration, offering attractive yields on USDC, paved the way for deeper lending products.

在最新產品推出之前，Coinbase 的鏈上借貸已經很可觀。數據顯示，貸款發放額超過 12.5 億美元，並有 13.7 億美元的抵押品支持。這不僅僅是開始新事物；這是關於擴展已經有效的東西。 Morpho 集成為 USDC 提供了有吸引力的收益率，為更深層次的貸款產品鋪平了道路。

A Domino Effect of Innovation

創新的多米諾骨牌效應

Coinbase's recent moves resemble a carefully planned domino sequence. Integrations, partnerships – they all point to a bigger picture: an American crypto bank built on public infrastructure. With clearer regulatory frameworks emerging in the US, Coinbase is operating with more confidence and speed.

Coinbase 最近的舉動就像精心策劃的多米諾骨牌序列。整合、合作——它們都指向了一個更大的圖景：一個建立在公共基礎設施上的美國加密銀行。隨著美國出現更清晰的監管框架，Coinbase 的運營更加自信、更加快速。

What's Next? Prediction Markets, Perhaps?

接下來是什麼？也許是預測市場？

Rumors suggest Coinbase is exploring prediction markets, potentially using Kalshi infrastructure. This move would further expand its reach into areas traditional financial institutions have avoided. It reinforces the idea that Coinbase aims to be the default US gateway for all things crypto finance – lending, staking, fundraising, payments, trading, and even markets yet to be imagined.

有傳言稱 Coinbase 正在探索預測市場，可能會使用 Kalshi 基礎設施。此舉將進一步擴大其觸角，進入傳統金融機構迴避的領域。它強化了這樣一個理念：Coinbase 的目標是成為所有加密金融領域的默認美國門戶——借貸、質押、籌款、支付、交易，甚至還有尚未想像的市場。

My Two Satoshis

我的兩個中本聰

Coinbase's strategy is smart. By focusing on compliance and user-friendliness, they're making crypto more accessible to the average American. The ETH-backed loans are a game-changer, providing a practical way to leverage crypto holdings. The key will be navigating the regulatory landscape and continuing to innovate while maintaining user trust.

Coinbase 的策略很聰明。通過關注合規性和用戶友好性，他們使普通美國人更容易使用加密貨幣。 ETH 支持的貸款改變了遊戲規則，提供了一種利用加密資產的實用方法。關鍵是適應監管環境並持續創新，同時保持用戶信任。

Final Thoughts

最後的想法

So, there you have it. Coinbase isn't just building a crypto exchange; it's building an on-chain bank for the US. It's an exciting time to watch how this unfolds. Who knows, maybe one day we'll all be banking with crypto. And if that isn't wild, what is?

所以，你就知道了。 Coinbase 不僅僅是建立一個加密貨幣交易所；它還致力於建立一個加密貨幣交易所。它正在為美國建立一家鏈上銀行。現在是一個令人興奮的時刻來觀察這一切如何展開。誰知道呢，也許有一天我們都會用加密貨幣進行銀行業務。如果這都不算瘋狂，那什麼才算呢？