Better Home & Finance has partnered with crypto exchange Coinbase to let U.S. borrowers apply for mortgages using bitcoin as collateral instead of selling their holdings. Under the arrangement, eligible Coinbase One members can receive rebates of up to $10,000, equal to 1% of the mortgage amount. The product was first reported in March this year and has received approval from Fannie Mae. Techub, citing CryptoBriefing, said the launch points to a deeper link between bitcoin and traditional housing finance while giving crypto holders a way to access liquidity without liquidating their assets.
Better Home & Finance has partnered with cryptocurrency exchange Coinbase to offer mortgages in the United States that allow borrowers to use bitcoin as collateral without selling their holdings.
Eligible Coinbase One members can receive rebates of up to $10,000, equal to 1% of the mortgage amount.
The product was first reported in March this year and has received approval from Fannie Mae. According to Techub, citing CryptoBriefing, the move ties bitcoin more closely to traditional housing finance and gives crypto holders a new way to access liquidity without selling their assets.
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