Coinbase and Better Mortgage Launch General Availability of Bitcoin-Backed Mortgages
Key Takeaways
- •Coinbase and Better Mortgage have made Bitcoin-backed mortgages generally available to Americans after first disclosing the inaugural loan in June.
- •The offering was designed in accordance with Fannie Mae standards and allows borrowers to pledge Bitcoin as collateral for a down payment without selling it.
- •Coinbase One members are eligible for a rebate equal to 1% of the mortgage value, capped at $10,000.
- •The first Coinbase-Better loan was closed in June by a married couple in Michigan who used Bitcoin holdings to fund their down payment.
- •The companies said the product is intended to appeal to younger would-be homeowners whose wealth increasingly resides in crypto assets.
Coinbase and Nasdaq-listed Better Mortgage have announced the general 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, and is now being offered beyond the first loan the companies disclosed in June.
Coinbase and Better first announced the funding of the inaugural Bitcoin-backed mortgage in June. The companies said the service is intended to appeal to younger would-be homeowners who hold Bitcoin.
JUST IN: Coinbase announces the expansion of their Bitcoin-backed mortgages "Borrowers in the US can now use Bitcoin as collateral for a down payment – without having to sell it or face margin calls." pic.twitter.com/PXNojVSVrl — Bitcoin Magazine (@BitcoinMagazine) August 26, 2026
JUST IN: Coinbase announces the expansion of their Bitcoin-backed mortgages "Borrowers in the US can now use Bitcoin as collateral for a down payment – without having to sell it or face margin calls." pic.twitter.com/PXNojVSVrl
“In 2025, high interest rates, record home prices, and limited inventory pushed the median age of a first-time homebuyer to 40,” Ziggy Jonsson, chief technology officer at Better Mortgage, said.
“Coinbase counts millions of monthly users worldwide, and by allowing Coinbase One members to pledge crypto as collateral without selling their holdings, we’re opening a new path toward homeownership for a generation of borrowers whose wealth increasingly lives onchain.”
Ben Shen, head of financial services and loyalty products at Coinbase, said: “By enabling borrowers to pledge their digital assets in the mortgage underwriting process, we are allowing crypto to be more useful and powerful in the real-world — expanding the pathways to homeownership while preserving long-term investment positions.”
The announcement said Coinbase One members will be eligible for a rebate equal to 1% of the mortgage value, up to a maximum of $10,000.
The first loan from Coinbase and Better was closed in June by Joe and Amy, a married couple in Michigan. The companies said the couple used their Bitcoin holdings as collateral to fund their down payment instead of selling their position.
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 used Bitcoin as collateral for home financing.
Bitcoin-backed loans remain a niche product, but Ledn, one of the largest lenders in the sector, has published research saying the market could expand from $3 billion today to $1 trillion over the next 10 years.
This post Coinbase and Better Mortgage Announce General Availability of Bitcoin-Backed Mortgages first appeared on Bitcoin Magazine and is written by Mathew Di Salvo.
