🚨 New: Deribit and Crypto.com Accept BlackRock's Tokenized BUIDL Fund as Collateral for Trading!
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🏦 Event:
Both Deribit and Crypto.com have announced the acceptance of BlackRock's BUIDL fund as collateral for trading contracts and derivatives, opening the door for institutions to use it in margin trading.
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💡 What is BUIDL?
It is a Tokenized US Treasury Fund, characterized by:
– Low volatility
– Fixed returns
– Institutional reliability from a firm like BlackRock
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📉 Benefits for Institutions:
– Reduced margin requirements in leveraged trading
– Utilizing a low-risk asset to achieve returns without giving up market opportunities
– Integrating traditional finance with Web3 in a secure and regulated manner
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🔗 Wider Impact:
This step marks a milestone in the integration between traditional finance and crypto, paving the way for greater adoption of tokenized assets in trading markets.
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❓Do you believe that tokenized assets like BUIDL will become a new standard for institutional trading?
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