Bitcoin as Mortgage Collateral Available to Coinbase One Members

Coinbase One members are now able to secure mortgages using Bitcoin as collateral. This development comes after Better Home & Finance and Coinbase announced their joint cryptocurrency-backed lending service in March.

The program is available exclusively to subscribers of Coinbase One, the premium membership tier offered by the exchange. As part of this new initiative, approved borrowers will receive 1% of the loan amount (up to $10,000) as a closing cost rebate.