Deribit and Crypto.com Adopt BlackRock’s BUIDL for Collateral
- Deribit and Crypto.com have integrated BlackRock’s BUIDL as collateral for trading.
- This integration aims to lower collateral requirements for crypto trading.
- The move leverages the relatively stable value of US government debt.
By integrating BlackRock’s BUIDL, Deribit and Crypto.com aim to reduce the amount of collateral needed for leveraging in crypto trades, thanks to the stability offered by US government debt securities.
This change is expected to make leveraged crypto trading more accessible by lowering entry barriers through reduced collateral requirements, highlighting a strategic use of stable assets in volatile markets. (Source)
