Coinbase and Better Mortgage Open Bitcoin-Backed Mortgages to All U.S. Borrowers

Coinbase and Better Mortgage have expanded their Bitcoin-backed mortgage product to all U.S. borrowers, making it possible for anyone in the country to use cryptocurrency as collateral for a home loan.

The minimum requirement is that the pledged BTC must be worth at least 250% of the down payment loan amount, eliminating the risk of margin calls due to normal market fluctuations.

Eligible Coinbase One members can also receive a lender-funded credit equal to 1% of the mortgage amount, capped at $10,000.

This expansion represents a significant leap in terms of scale and visibility, as it makes Bitcoin-backed mortgages more accessible to a wider audience.