Coinbase · Federal Reserve (FED) · Bitcoin Magazine
Coinbase and Better Mortgage Announce General Availability of Bitcoin-Backed Mortgages
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The announcement comes after Better and Coinbase debuted the first Bitcoin-backed loan in June.
Key facts
- Bitcoin-backed loans are still a niche product but one of the biggest lenders in the space, Ledn, has released research claiming that the space could grow from its current size of $3 billion to $1
- Crypto-backed lender Milo said earlier this year that it had surpassed $100 million in digital asset mortgages, including a record $12 million loan, as more high-net-worth and institutional clients
- In 2025, high interest rates, record home prices, and limited inventory pushed the median age of a first-time homebuyer to 40,” Chief Technology Officer at Better Mortgage, Ziggy Jonsson, said
- The announcement added that Coinbase One members will be eligible for a rebate equal to 1% of the mortgage value, up to a maximum of $10,000
Summary
Coinbase and Nasdaq-listed Better Mortgage have announced the availability of Bitcoin-backed mortgages for Americans. The crypto exchange and lender said Wednesday that the service was designed in accordance with the Federal National Mortgage Association, or Fannie Mae. Coinbase and Better announced the funding of the first Bitcoin-backed mortgage in June. “In 2025, high interest rates, record home prices, and limited inventory pushed the median age of a first-time homebuyer to 40,” Chief Technology Officer at Better Mortgage, Ziggy Jonsson, said.