BlockBeats News, August 26th - Cryptocurrency exchange Coinbase has partnered with digital asset-backed lending institution Better to launch a compliant home mortgage product backed by cryptocurrency. The product is currently open for applications to Coinbase One members.

Better has indicated that among its pre-approved clients, about 41% have incomes and credit profiles that meet traditional mortgage requirements but lack sufficient cash for a down payment. The collaboration aims to assist users holding cryptocurrency assets in accessing more financing options during the home buying process, while reducing the need to sell tokens to raise funds for a down payment.