Bitcoin-Backed Mortgages Are Here, But Your Crypto Could Be Used as Collateral Elsewhere

Better Mortgage and Coinbase launched a bitcoin-backed mortgage product, now open to all U.S. applicants. Borrowers pledge bitcoin at a 250% collateral ratio to fund a home down payment without selling their crypto. Better Mortgage can rehypothecate the pledged bitcoin, reusing collateral while promising to return an equivalent amount.