BTC Branded ‘the Most Portable Asset’ as 420k Bitcoins Used as Collateral in ...
According to the findings of a joint Arcane Research and Bitstamp study, bitcoin’s unique characteristics, which include it being “the most portable asset”, are the likely contributing factors behind the increasing use of the crypto as a collateral asset. Bitcoin Unmatched This is evidenced by the study’s data which shows that approximately “420,000 bitcoins were used as collateral in various loans in the lending markets in Q4 of 2020.” This figure is nearly double the 213,000 bitcoins that were used as collateral in Q4 of 2019. In another boost to the....
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A little while ago, we introduced our loyal readers to E-Coin, a company selling Bitcoin debit cards which are available right now for a very modest fee. Earlier today, I received a new email from the E-Coin team regarding the new design of its Bitcoin debit card, which marks the first step towards issuing branded cards. Due to banking relations with MyChoice Corporate in Gibraltar — a subsidiary company of Wave Crest Holdings Ltd. — E-Coin can not yet issue branded Bitcoin debit cards. Customers who already own an E-Coin Bitcoin debit card will have received a black card with the MyChoice....
First Global Credit, a Switzerland.-based financial services company that allows bitcoin to be used as collateral margin to trade stocks, has expanded its range of equities to include shares traded on the London Stock Exchange, according to Finance Magnates. A trading and financial services company that focuses on bitcoin, First Global Credit allows bitcoin holders to use the value of their cryptocurrency in the same way other traders use fiat currency to create profit potential. Customers use bitcoins as assets to generate returns trading stocks, EFTs, precious metals, commodities and....
Only recently has the world of finance open its eyes to the potential of Bitcoin. As the asset’s price climbs, the various use cases it could serve also comes to light. According to new data, as much as 5% of the total BTC supply is projected to be used as collateral by the year 2023. Here’s why Bitcoin is quickly becoming the collateral asset of choice, and how the cryptocurrency can achieve such penetration within […]
The U.S. Commodity Futures Trading Commission (CFTC) is considering a plan that would allow tokenized assets, including stablecoins, to serve as collateral in derivatives markets. If approved, stablecoins like $USDC and $USDT would be treated as traditional collateral, like cash or US Treasurys in regulated derivatives markets. This is excellent news for Best Wallet and […]