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Blackrock Targets $3 Trillion Crypto Derivatives Market, Quietly Pushing Game-Changing Token Bitcoin.com 19 жов 2024

Blackrock Targets $3 Trillion Crypto Derivatives Market, Quietly Pushing Game-Changing Token 💼

Blackrock, renowned as the largest asset manager worldwide, aims to make waves in the lucrative $3 trillion crypto derivatives market. Its strategy focuses on introducing its BUIDL token as a new form of collateral.

The asset manager is engaged in discussions with prominent exchanges, including industry giants Binance and Deribit, to facilitate this move. The acceptance of BUIDL as collateral could significantly alter existing norms in the derivatives sector.

An intriguing aspect of the BUIDL token is its interest-paying structure, which could attract institutional investors. These investors are constantly looking for innovative collateral options, especially given the burgeoning nature of the crypto derivatives market.

Blackrock's venture into pushing the BUIDL token as collateral not only underscores the firm's innovative approach to asset management but also its desire to establish a significant presence in the cryptocurrency landscape. The potential acceptance of this token by leading exchanges could herald a new era in crypto derivatives trading.

Джерело: news.bitcoin.com ↗