According to Coinbase, Coinbase has funded the first US mortgage loan insured by Fannie Mae, which uses Bitcoin as collateral, disrupting the traditional cash savings and bank deposit-dominated housing finance market. The deal was completed in partnership with Better Mortgage, which handled loan origination and servicing, while Coinbase provided the infrastructure to secure the borrower's Bitcoin assets. The mortgage loan was recently completed and is expected to roll out nationwide this summer. The loan was disbursed to Joe and Amy, a couple from Ann Arbor, Michigan, who chose to deposit their Bitcoin into a custodian account as collateral for their down payment instead of selling it. Coinbase also plans to launch more pre-IPO perpetual contracts related to fields such as artificial intelligence, energy, technology, and space.