Bitcoin’s appeal grows as more investment platforms facilitate dollar loans backed by cryptocurrencies

Source: South China Morning PostMore investment firms are giving bitcoin investors an extra avenue to raise cash from their digital assets by accepting cryptocurrencies as collateral for US dollar loans for a fee.Diginex, a Nasdaq-listed fintech firm which runs a cryptocurrency exchange that is licensed in Singapore, plans to offer cryptocurrency borrowing and lending services to its clients from next month to capture demand from institutional traders. The service could appeal to investors with a bearish view on the US…Read More

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