💥 The world's largest asset manager BlackRock and its brokerage partner Securitize are in talks with crypto exchanges about using the BUIDL token as collateral for derivatives trading.
✅ Crypto brokers FalconX and Hidden Road have already agreed to this.
✅ If platforms like Deribit and Binance join them, it will significantly expand the market for BlackRock and BUIDL.
✅ According to CCData, about $3 trillion in derivative contracts were traded on CEX in September.
Currently, stablecoins Tether and Circle are mainly used as collateral in crypto derivatives trading.