Bitcoin-Backed Mortgages Reach $360M Volume as Crypto Enters Real-World Finance
The Bitcoin-backed mortgage product launched by Better Mortgage and Coinbase has reached US$360 million in requested loan volume, making it the closest crypto has come to ordinary household finance.
Borrowers must pledge US$2.50 of Bitcoin for every US$1 borrowed towards a home deposit, while Bitcoin remains in Coinbase Prime custody.
The model introduces collateral custody and liquidation risks, and broader adoption depends on mortgage rules, crypto volatility and institutional infrastructure.