BlackRock In Talks With Top Exchanges To Use BUIDL As Collateral
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Oct 19 2024BlackRock's BUIDL Product Expansion: BlackRock is exploring new use cases for its BUIDL token, engaging with major crypto exchanges like Binance and OKX to utilize it as collateral for derivatives trades, while the product has quickly gained traction in the market.
Impact on Crypto Industry: The entry of institutional investors like BlackRock into the crypto space may challenge existing exchanges, but could also foster innovation and collaboration between traditional finance (TradFi) and decentralized finance (DeFi).
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
