#Securitize Bitcoin Returns Double#
Hot Topic Overview
Overview
Securitize announced that its Bitcoin spot trading yield has nearly doubled to 20.71%. This is due to their use of BlackRock's BUIDL fund as collateral and their partnership with trading firm QCP for Bitcoin underlying trading. By exchanging stablecoins for BUIDL, Securitize has achieved a 20.71% return in one year. Previously, Securitize also saw its Bitcoin Cash and arbitrage trading yields nearly double to 20.71% using BlackRock's BUIDL fund as collateral.
Ace Hot Topic Analysis
Analysis
Securitize recently announced that its Bitcoin spot trading yield has nearly doubled to 20.71%. This is due to the company using BlackRock's BUIDL fund as collateral and earning a 20.71% annual return on its Bitcoin underlying trades with trading firm QCP by exchanging stablecoins for BUIDL. This means that Securitize has successfully increased its Bitcoin trading profitability through its partnership with BlackRock, indicating the growing interest of institutional investors in the cryptocurrency market. BlackRock's BUIDL fund, as collateral, provides Securitize with lower borrowing costs, thereby improving its trading margins. This news also reflects the confidence of institutional investors in the cryptocurrency market and could drive more institutional investors into the market.
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Public Sentiment
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Classic Views
Securitize earned a 20.71% annualized return on its bitcoin spot trades with trading firm QCP by converting stablecoins into the BUIDL fund.
Securitize nearly doubled its returns on bitcoin spot trades using BlackRock's BUIDL fund as collateral, reaching 20.71%.
Securitize's bitcoin cash and arbitrage trading returns also saw a significant boost, reaching 20.71%.
Securitize leveraged the BUIDL fund as collateral to achieve significant returns on bitcoin trades.