• Better Mortgage and Coinbase have made their Bitcoin-backed mortgage generally available, with requested loan volume reaching US$360 million.
• Borrowers must pledge US$2.50 of Bitcoin for every US$1 borrowed towards a home deposit, while Bitcoin remains in Coinbase Prime custody.
• The model introduces collateral custody and liquidation risks, while broader adoption depends on mortgage rules, crypto volatility and institutional infrastructure.

Bitcoin has spent a decade being described as digital property. This month it started acting like collateral against the physical kind.

Better Mortgage and Coinbase have moved their Bitcoin-backed mortgage into general availability, with requested loan volume reaching US$360 million – borrowers pledge…