Coinbase has introduced a new service that allows users to use Bitcoin as collateral for home down payments, a move announced by CEO Brian Armstrong on X. With this service, users no longer need to sell their Bitcoin to unlock the capital required for a property purchase. Instead, they can pledge their Bitcoin as collateral, which means they can acquire a home while keeping their full exposure to the cryptocurrency. The service is specifically aimed at Bitcoin holders who want a way to convert their digital assets into real-world assets like real estate, without disposing of their holdings. According to Armstrong's announcement, the service is now live and can be accessed through an official link on Coinbase's website. The announcement said the service enables users to obtain a property and retain their Bitcoin exposure at the same time. It also clarified that the purpose is to offer a pathway from crypto assets into real-world assets without a sale. The company did not provide further details about how the service works in the announcement. However, the key feature is simple: Bitcoin is used as collateral rather than being sold. This offers an option for those who wish to keep their Bitcoin holdings intact while making a major purchase. The service is now available through the official website link shared by Armstrong.
Coinbase CEO Brian Armstrong announced on X that Coinbase has launched a service allowing users to use Bitcoin as collateral for a home down payment. Users can obtain a property without selling their Bitcoin, while maintaining their exposure to the cryptocurrency.
The service is designed to give Bitcoin holders a way to use crypto assets to acquire real-world assets such as real estate, without having to sell the coins they hold. Armstrong said the service is now open through an official link on Coinbase's website. No further terms were disclosed in the announcement.
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