#Securitize Bitcoin Returns Double#
Hot Topic Overview
Overview
Securitize recently announced that its yield on Bitcoin spot trading using BlackRock's BUIDL fund as collateral has nearly doubled to 20.71%. This yield was achieved by converting stablecoins to BUIDL and then executing Bitcoin-based trades with trading firm QCP. This means that Securitize can earn a 20.71% return annually through this strategy.
Ace Hot Topic Analysis
Analysis
Securitize recently announced that its Bitcoin spot trading yield has nearly doubled to 20.71%. This increase in yield is attributed to Securitize's use of BlackRock's BUIDL fund as collateral. Securitize achieved a 20.71% annual return by converting stablecoins to BUIDL and engaging in Bitcoin spot trades with trading firm QCP. This move indicates that Securitize is actively exploring new strategies to enhance its Bitcoin trading yields. By leveraging BlackRock's BUIDL fund as collateral, Securitize can secure lower borrowing costs, thereby improving its trading profitability. This is a positive sign for Securitize, indicating progress in the Bitcoin trading space and the potential for higher returns in the future.
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Public Sentiment
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Classic Views
Securitize achieved 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 return on bitcoin spot trades using BlackRock's BUIDL fund as collateral.
Securitize's bitcoin cash and arbitrage trading returns also nearly doubled, reaching 20.71%.
Securitize's improved returns are due to its partnership with trading firm QCP and its use of BlackRock's BUIDL fund as collateral.