Coinbase, Better Bring Crypto-Backed Mortgages To Millions Of Americans

Better Home & Finance Holding Company (NASDAQ:BETR) shares are up on Thursday. The company launched a groundbreaking partnership with Coinbase Global, Inc. (NASDAQ:COIN) to offer token-backed mortgages. This innovative approach allows millions of Americans to secure home loans by pledging Bitcoin or USDC without needing to liquidate their assets. Details The partnership aims to democratize homeownership for the 52 million Americans who own digital assets. It will enable them to use their crypto holdings as collateral for conforming mortgages. The tokenized asset pledge acts as a substitute for the cash down payment. This means customers can utilize their digital assets, without selling them, to satisfy down payment requirements for a mortgage. In addition, the token-backed mortgages will be compliant with Fannie Mae guidelines, ensuring they remain standard conforming loans. Max Branzburg, Head of Consumer and Business Products at Coinbase, said, “Token-backed mortgages are a major first step to unlocking homeownership for the younger generations that have struggled with barriers to saving for a traditional downpayment.” Technical Analysis BETR is trading 3.6% above its 20-day simple moving average (SMA), but 13.9% below its 100-day SMA, showing short-term stabilization while the intermediate trend still needs repair. Shares have increased 153.50% over the past 12 months, and the stock is positioned closer to its 52-week lows than highs after pulling back sharply from the $94.06 peak. The RSI is at 49.53, which sits in neutral territory and suggests momentum isn’t stretched in either direction. Meanwhile, MACD is at -0.7261, below its signal line at -0.2703, keeping bearish pressure in place despite the bounce. The combination of neutral RSI (49.53) and bearish MACD suggests mixed momentum. Key Resistance: $34.00 Key Support: $29.50 ETR Stock Price Activity: Better Home & Finance shares were up 6.05% at $33.32 at the time of publication on Thursday, according to Benzinga Pro data. Image via Shutterstock