bitcoin
Bitcoin (BTC) $ 66,924.93
ethereum
Ethereum (ETH) $ 3,500.62
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 594.28
xrp
XRP (XRP) $ 0.582729
cardano
Cardano (ADA) $ 0.430298
usd-coin
USDC (USDC) $ 1.00
matic-network
Polygon (MATIC) $ 0.534494
binance-usd
BUSD (BUSD) $ 1.000000
dogecoin
Dogecoin (DOGE) $ 0.131917
okb
OKB (OKB) $ 42.57
polkadot
Polkadot (DOT) $ 6.26
shiba-inu
Shiba Inu (SHIB) $ 0.000018
tron
TRON (TRX) $ 0.134351
uniswap
Uniswap (UNI) $ 7.93
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 66,943.94
dai
Dai (DAI) $ 0.999603
litecoin
Litecoin (LTC) $ 73.34
staked-ether
Lido Staked Ether (STETH) $ 3,499.13
solana
Solana (SOL) $ 172.65
avalanche-2
Avalanche (AVAX) $ 29.29
chainlink
Chainlink (LINK) $ 14.27
cosmos
Cosmos Hub (ATOM) $ 6.43
the-open-network
Toncoin (TON) $ 7.15
ethereum-classic
Ethereum Classic (ETC) $ 23.68
leo-token
LEO Token (LEO) $ 5.68
filecoin
Filecoin (FIL) $ 4.63
bitcoin-cash
Bitcoin Cash (BCH) $ 392.86
monero
Monero (XMR) $ 164.58
bitcoin
Bitcoin (BTC) $ 66,924.93
ethereum
Ethereum (ETH) $ 3,500.62
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 594.28
usd-coin
USDC (USDC) $ 1.00
xrp
XRP (XRP) $ 0.582729
binance-usd
BUSD (BUSD) $ 1.000000
dogecoin
Dogecoin (DOGE) $ 0.131917
cardano
Cardano (ADA) $ 0.430298
solana
Solana (SOL) $ 172.65
matic-network
Polygon (MATIC) $ 0.534494
polkadot
Polkadot (DOT) $ 6.26
tron
TRON (TRX) $ 0.134351

Prime Broker Hidden Road Adds Major Crypto Exchanges, Expands Use of BlackRock’s BUIDL Token

Must Read

Hidden Highway has expanded using BlackRock’s BUIDL token by accepting it as collateral throughout its community.

Along with the brand new crop of exchanges, liquidity suppliers B2C2, IMC and Laser Digital, and software program distributors Talos and TT have additionally joined Hidden Highway.

Hidden Highway, a worldwide credit score community for establishments that features buying and selling in digital belongings, mentioned it added a clutch of main exchanges to its prime brokerage platform. It additionally expanded using BlackRock’s BUIDL token by accepting it as collateral throughout its community.

The corporate is now built-in with Coinbase Worldwide Alternate (following a tie-up with Coinbase Alternate in 2022), OKX (together with Nitro Spreads), Deribit (together with choices), Bitfinex, Bullish (the proprietor of CoinDesk), AsiaNext and SIX Digital Alternate, the corporate mentioned in a press launch on Monday.

With rates of interest working excessive, establishments buying and selling digital belongings within the lots of of hundreds of thousands of {dollars} usually are not going to overlook out on circa 5% nearly risk-free from holding a BlackRock cash market fund token. Any non-carry asset goes to be a problem when purchasers can use BlackRock’s BUIDL token as collateral and to earn curiosity, mentioned Michael Higgins, Hidden Highway’s world head of enterprise growth.

“Purchasers can publish collateral to Hidden Highway within the type of the BUIDL token, and we’d acknowledge that nearly as good margin,” Higgins mentioned in an interview. “Hidden Highway then funds these trades on the related change with, say, USDT or USDC, so the shopper can really commerce whereas posting belongings to us that earn curiosity.”

Owing to its present partnership with the Chicago Mercantile Alternate (CME), Hidden Highway also can cross margin and margin finance digital asset tokens corresponding to BUIDL on the CME, Higgins mentioned.

“Beforehand, a shopper might solely publish bitcoin as collateral and Hidden Highway would supply margin financing to commerce on the CME. However in fact the bitcoin did not earn curiosity. Now they’ll nonetheless try this, however they might additionally publish BUIDL as collateral and we’ll fund them {dollars} on the CME. The distinction is that with BUIDL, they earn curiosity,” he mentioned. “So far as we all know, we’re the one clearing agency that permits clients to publish digital belongings as margin to commerce on the CME.”

Along with the brand new exchanges, liquidity suppliers B2C2, IMC and Laser Digital, and software program distributors Talos and TT have additionally joined Hidden Highway.

- Advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest Articles

Other cryptocurrencies will benefit from Ethereum ETFs

There are a number of indications that subsequent week spot ETFs for ether (ETH), Ethereum's cryptocurrency, will hit US...
- Advertisement -

More Articles Like This