Hidden Road expands cooperation with major cryptocurrency exchanges to accept BUIDL tokens as collateral

2024-07-01 17:25:44

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ChainCatcher news, according to Coindesk, the global credit network Hidden Road, which provides digital asset trading, announced that it has completed integration with major crypto exchanges including Coinbase International Exchange, OKX, Deribit, Bitfinex, AsiaNext, SIX Digital Exchange, and Bullish. Additionally, Hidden Road has expanded the use of the BUIDL token under BlackRock, accepting it as collateral within the network.

Michael Higgins, Head of Global Business Development at Hidden Road, stated that clients can submit BUIDL tokens as collateral to Hidden Road, which will treat them as valid margin and provide trading financing in the form of USDT or USDC at the relevant exchanges. Due to its existing partnership with the Chicago Mercantile Exchange (CME), Hidden Road can also cross-margin and provide margin financing for digital asset tokens like BUIDL on the CME.

In addition to the newly added exchanges, liquidity providers B2C2, IMC, and Laser Digital, as well as software providers Talos and TT, have also joined Hidden Road's network.

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