The move is a significant step for the investment bank as Wall Street continues to embrace digital assets. According to a spokesperson for the bank, the secured lending facility loaned cash collateralized by BTC held by the borrower.
The deal was interesting to Goldman because of its structure and 24-hour risk management, they added according toThe arrangement allows crypto owners to receive fiat such as USD by using their crypto as collateral, but it is a first for the Wall Street bank.The move is another sign that big banks are embracing crypto and broadening their services to incorporate clients with digital asset investments.
its first-ever over-the-counter Bitcoin options in March, becoming the first major U.S. bank to do so, the report added.to add to that offering with OTC Ethereum options. Analysts at the bank have cited Ethereum’s upcoming ‘Merge’ and upgrade to proof-of-stake as being bullish for demand for the asset.
Loans Loans Latest News, Loans Loans Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: TheBlock__ - 🏆 464. / 53 Read more »
Source: Utoday_en - 🏆 295. / 63 Read more »
Source: TheBlock__ - 🏆 464. / 53 Read more »