Coinbase Expands Bitcoin-Backed Mortgages for Nationwide Availability
Coinbase is expanding its Bitcoin-backed mortgage program, allowing borrowers to buy homes without selling their BTC or facing margin calls.
The exchange and Better Mortgage have moved their token-backed conforming mortgage into general availability, making it a broader nationwide offering for Coinbase One members.
Borrowers can pledge digital assets toward the down payment without first selling their holdings, with the crypto-backed portion sitting alongside the standard conforming home loan.
The program has generated significant interest since its waitlist opened in June, with over $260 million in projected loan volume, and 76% of respondents already Coinbase One members.
Coinbase One members approved for a Better loan can also receive a lender-funded credit equal to 1% of the mortgage value, capped at $10,000.