Coinbase and Better Launch Token-Backed Mortgages With 1% Rebate for Members
COIN sits 34% above its 52-week low of $139.11.
Summary
Coinbase and Better Mortgage have launched a token-backed conforming mortgage product, now generally available. Coinbase One members approved for a Better loan get a 1% rebate up to $10,000, and the rebate extends to all Better home-financing products including HELOCs and refinances. Waitlist data showed 76% of respondents were already Coinbase One users and 60% planned to buy within six months, with over $260 million in projected loan volume. This expands Coinbase's utility beyond trading into real-world lending, potentially driving Coinbase One subscriptions and crypto collateral usage. The product has been live for Coinbase One members since August 12, 2026.
At the time of this announcement, COIN was trading at $186.50 on NASDAQ in the Crypto Assets sector, with a market capitalization of approximately $47.4B. The 52-week trading range was $139.11 to $402.16. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: BusinessWire.