๐จ New: Deribit and Crypto.com Accept BlackRock's Tokenized BUIDL Fund as Collateral for Trading!
โโโโโโโโโโโโโโโ
๐ฆ 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.
โโโโโโโโโโโโโโโ
๐ก What is BUIDL?
It is a Tokenized US Treasury Fund, characterized by:
โ Low volatility
โ Fixed returns
โ Institutional reliability from a firm like BlackRock
โโโโโโโโโโโโโโโ
๐ Benefits for Institutions:
โ Reduced margin requirements in leveraged trading
โ Utilizing a low-risk asset to achieve returns without giving up market opportunities
โ Integrating traditional finance with Web3 in a secure and regulated manner
โโโโโโโโโโโโโโโ
๐ 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.
โโโโโโโโโโโโโโโ
โDo you believe that tokenized assets like BUIDL will become a new standard for institutional trading?
โโโโโโโโโโโโโโโ
๐ If you liked the content, support me with a like and follow to receive all the updates
LEGENDARY_007