Coinbase Rolls Out Bitcoin-Backed Mortgages in US
Borrowers across the US have gained access to the crypto-backed mortgage offering introduced by Coinbase and Better Mortgage. The product pairs a standard conforming mortgage with a separate loan secured by pledged Bitcoin. Better originates and services both loans. In the meantime, Coinbase provides the infrastructure for holding the crypto collateral. Whales Take Over $614 Million Profit in Bitcoin, XRP Amid Record BlackRock Demand: Main Crypto News This Morning Near Protocol (NEAR), Dogecoin (DOGE), Solana (SOL) and XRP Price Analysis for August 26: Crypto Market Becomes Uneven Bitcoin as a down payment Borrowers pledge Bitcoin instead of putting up the entire down payment in cash. The arrangement does not involve margin calls triggered by normal market movements. For example, a borrower buying a $500,000 home could pledge $250,000 in Bitcoin to support a $100,000 down payment. The exact amount depends on the lenders underwriting and collateral requirements. Better says the pledged BTC must be worth at least 250% of the down payment loan amount. The Bitcoin that serves as collateral is held in Betters custodial account on Coinbase Prime. You Might Also Like The company first introduced the product in March. It initially allowed borrowers to pledge Bitcoin or USDC. Now, the mortgage is broadly available. On top of that, it









