The post BlackRock Is Allegedly In Cooperation Talks With Three Major Cryptocurrency Exchanges – Here Are Those Three Names appeared on BitcoinEthereumNews.com.

BlackRock, the world’s largest asset manager, is making a strategic move to make its money market digital currency, known as BUIDL token, more widely accepted as collateral in crypto derivatives trading. The move comes as Wall Street firms increasingly expand their presence in the digital asset space. BlackRock, in collaboration with brokerage partner Securitize, is reportedly in early talks with some of the world’s largest crypto exchanges to promote the use of BUIDL as collateral in derivatives transactions. These exchanges include Binance, OKX, and Deribit, said the people with knowledge of the matter, who spoke on condition of anonymity. Currently, two leading names in the crypto industry, FalconX and Hidden Road, accept BUIDL as collateral. BlackRock’s token is designed specifically for qualified institutional investors, with a minimum investment threshold of $5 million. As is known, BlackRock also has a BTC Spot ETF, and thanks to this ETF, BlackRock has received over $1 billion worth of additional BTC into its accounts to hold on behalf of its clients in the last three days. *This is not investment advice. Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data! Source: https://en.bitcoinsistemi.com/blackrock-is-allegedly-in-cooperation-talks-with-three-major-cryptocurrency-exchanges-here-are-those-three-names/

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Filed under: News - @ October 18, 2024 9:15 pm