Better and Coinbase launch bitcoin-backed mortgages with collateral reuse

Better Mortgage and Coinbase have introduced bitcoin-backed mortgages that let borrowers use their BTC as collateral. A key feature is that Better can reuse the pledged bitcoin, and borrowers cannot recover their crypto until the underlying conventional mortgage is fully repaid or refinanced.

• The arrangement lets lenders redeploy the collateral rather than holding it idle.
• Borrowers' bitcoin stays locked until the main mortgage is cleared.