Morpho Enables Borrowing Against Coinbase Tokenized Stocks
Morpho (MORPHO)
Editor:
Eugene Serbin
bitcoinethereumnews.com reports that Morpho has launched lending and borrowing against Coinbase’s tokenized stocks on Base. Holders can pledge these tokens to draw USDC at variable or fixed rates. Coinbase began issuing these stock tokens in August.
How the market reacted
Whalio's own Binance spot order flow for MORPHO, measured when this story was written up on 18 September 2026. Not the outlet's figures.
MORPHO trades at $2.22 with a 24-hour buy ratio of 59.9%, indicating sustained buying interest over the day. However, the 1-hour buy ratio has dropped to 48.4%, suggesting that immediate buying pressure is fading compared to the broader daily trend. The 4-hour buy ratio sits at 50.7%, showing a neutral stance in the medium term. Volume delta reflects this shift, with a strong positive $955,333 over 24 hours, but a negative $5,170 in the last hour. This means net buying has slowed significantly in the short term despite the daily accumulation.
The latest daily buy ratio of 49.0% sits at the 31st percentile of the last 324 days, against a median of 51.0% - ordinary for this coin.
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 net buying on all seven days, with a 7-day average buy ratio of 55.8%. Today’s 24-hour buy ratio of 59.9% is 4.1 percentage points above this weekly average, marking an unusual day of stronger buying. Volume was 1.65 times the weekly average, indicating heightened activity. Despite this increased volume and buying ratio, the price changed -1.8% over eight days. The 8-day volume delta totaled +$3,394,920, confirming consistent accumulation despite the price decline.