Coinbase opens up encrypted mortgage services for Coinbase One members

On 26 August, the encryption trading platform Coinbase and the digital mortgage company Better Mortgage announced the full opening of token-backed conforming mortgages for Coinbase One members, allowing eligible borrowers to use encrypted assets as collateral for the purchase process. The product was opened to Coinbase One members on August 12th. The first cooperation plan was announced by both parties in March this year, and the first mortgage loan was designed to be in compliance with the Fannie Mae standard mortgage framework. According to the bulletin, Coinbase One, eligible for the Better mortgage product, is entitled to a loan concession amounting to 1 per cent of the loan amount up to $10,000. The benefit may be used to offset the transaction costs of the mortgage, as well as the general mortgage, the building net value credit line (HELOC) and the refinancing product。