Better has launched a bitcoin-backed loan product in partnership with Coinbase, according to ChainCatcher. The offering allows borrowers to use BTC as collateral to access funds without selling their holdings. That gives users a way to unlock liquidity while keeping exposure to bitcoin. ChainCatcher said the structure also helps borrowers avoid capital gains tax that could arise from selling the asset. No additional details on loan terms, supported regions, or product limits were disclosed in the brief.
Better has introduced bitcoin-backed loans in partnership with Coinbase, according to ChainCatcher.
The product allows borrowers to use BTC as collateral to obtain funds without selling their bitcoin holdings. That gives them access to liquidity while also avoiding capital gains tax.
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