Coinbase Expands Morpho Loans with Fixed Rate Borrowing
Morpho (MORPHO)
Editor:
Eugene Serbin
cryptocurrency.com.tr reports that Coinbase has expanded its Morpho Loans product, allowing users to lock in a fixed rate and repayment date when borrowing USDC against Bitcoin. This development marks the first enterprise-scale deployment of Morpho Midnight and represents a shift away from the variable-rate norm in on-chain lending. The product enables borrowers to secure specific terms for their loans against their Bitcoin holdings.
How the market reacted
Whalio's own Binance spot order flow for MORPHO, measured when this story was written up on 23 September 2026. Not the outlet's figures.
Morpho is trading at $2.63 with a 24-hour spot volume of $5,711,972. The 1-hour buy ratio is 55.3%, which is higher than the 24-hour average of 50.5%, indicating a short-term surge in buying pressure. However, the 4-hour buy ratio sits at 50.0%, suggesting that the recent intensity has cooled back to the daily average. Volume Delta is positive in the 1-hour window at +$25,980 but negative in the 4-hour window at -$182, showing that immediate aggressive buying is fading over a slightly longer timeframe. The Cumulative Volume Delta for the 24-hour close is -$141,255, meaning that despite the recent spike, sellers have dominated the full day's trading activity.
The latest daily buy ratio of 53.3% sits at the 70th percentile of the last 323 days, against a median of 51.0% - stronger buying than most days.
Was that an ordinary day?
The same Binance spot measurements for MORPHO, averaged over the days leading up to the story.
Over the preceding week, Morpho saw a price increase of 26.3% and a total Volume Delta of +$3,287,045. The current 24-hour buy ratio of 50.5% is 4.6 percentage points lower than the 7-day average of 55.1%, indicating a relative decrease in buying dominance compared to the recent trend. Trading volume for the day was 0.93x the weekly average, showing slightly lower activity than usual. While the coin experienced net buying on 6 of the last 7 days, today's metrics suggest a normalization of buying pressure after a strong weekly performance.