Coinbase Launches Fixed-Rate Bitcoin Loans via Morpho Midnight for USDC
Morpho (MORPHO)
Editor:
Eugene Serbin
Cryptocurrency.com.tr reports that Coinbase has launched fixed-rate Bitcoin-backed loans through Morpho Midnight, enabling users to borrow USDC with interest rates and repayment dates set upfront. This new product sits alongside Coinbase’s existing variable-rate Morpho loans, which currently exceed $1.4 billion in active borrowing backed by Bitcoin. The launch introduces a fixed-rate option to the platform's existing lending infrastructure.
How the market reacted
Whalio's own Binance spot order flow for MORPHO, measured when this story was written up on 22 September 2026. Not the outlet's figures.
Morpho (MORPHO) is trading at $2.66, with spot volume reaching $7,056,893 over the last 24 hours. The 1-hour buy ratio stands at 64.3%, significantly higher than the 24-hour average of 51.8%, indicating a recent surge in buying pressure that is currently building. The 4-hour buy ratio is 51.7%, aligning closely with the daily average. The volume delta shows a net inflow of $243,983 over 24 hours, with 18 of the last 24 hours showing net buying. A high buy ratio means more buyers are active than sellers, while a positive volume delta indicates that buy volume exceeds sell volume.
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, the buy ratio averaged 56.3%, compared to the 51.8% seen in the last 24 hours. This 24-hour period saw a buy ratio 4.5 points lower than the weekly average, suggesting a slight cooling of relative buying intensity compared to the recent trend. However, volume was 1.27 times the average, indicating significantly higher activity than usual. The coin has risen 22.0% over the past 8 days, with a total volume delta of +$3,793,558. While the recent hourly buying was strong, the daily ratio remains below the weekly norm despite the elevated volume.