#Securitize Bitcoin Returns Double#
Hot Topic Overview
Overview
Securitize announced that its Bitcoin spot trading yield has nearly doubled to 20.71%. This increase in yield is attributed to Securitize using BlackRock's BUIDL fund as collateral and generating returns through the exchange of stablecoins for BUIDL in Bitcoin-based trades with trading firm QCP. This news indicates that Securitize has achieved significant gains in the cryptocurrency market by leveraging funds and resources from traditional financial institutions, also reflecting the growing interest of institutional investors in the cryptocurrency market.
Ace Hot Topic Analysis
Analysis
Securitize, a company that uses blockchain technology for securitization, recently 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, which allows them to earn a 20.71% annual return on their Bitcoin underlying trades with trading firm QCP by exchanging stablecoins for BUIDL. This means Securitize can borrow funds at a lower cost, thereby increasing the profitability of their trades. This news suggests that utilizing institutional funds and blockchain technology can lead to more efficient financial transactions and higher returns for investors.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Securitize achieved a 20.71% annualized return on Bitcoin spot trading by using BlackRock's BUIDL fund as collateral.
Securitize partnered with trading firm QCP to achieve high-yielding Bitcoin underlying trades by converting stablecoins to BUIDL.
Securitize's Bitcoin Cash and arbitrage trading returns also increased significantly, reaching 20.71%.
BlackRock's BUIDL fund provides reliable collateral support for Securitize's Bitcoin trading.