#Securitize Bitcoin Returns Double#
Hot Topic Overview
Overview
Securitize announced that its Bitcoin spot trading yield has nearly doubled to 20.71%. This is thanks to their use of BlackRock's BUIDL fund as collateral and their partnership with trading firm QCP for Bitcoin underlying trading. By converting stablecoins to BUIDL, Securitize has achieved a 20.71% return in one year.
Ace Hot Topic Analysis
Analysis
Securitize, a digital asset securitization platform, has achieved significant returns on its bitcoin-based trades with trading firm QCP, leveraging BlackRock's BUIDL fund as collateral. According to The Block, Securitize achieved a 20.71% annualized return by converting stablecoins into BUIDL, nearly double its previous returns. This success is attributed to Securitize's strategy of utilizing the BUIDL fund as collateral for bitcoin cash and arbitrage trades, resulting in higher returns. This event demonstrates that digital asset securitization platforms can achieve higher returns in the cryptocurrency market by leveraging resources from traditional financial institutions, offering more attractive investment opportunities for investors.
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Public Sentiment
Discussion Word Cloud
Classic Views
Securitize achieved a 20.71% annualized return on its Bitcoin spot trading with trading firm QCP by converting stablecoins into the BUIDL fund.
Securitize used BlackRock's BUIDL fund as collateral, nearly doubling the return on its Bitcoin spot trading.
Securitize's Bitcoin Cash and arbitrage trading returns also increased significantly, reaching 20.71%.
Securitize's success story shows that high-yield Bitcoin spot trading can be achieved by using stablecoins and collateral.