BlackRock, the world's largest asset manager, is looking to increase the acceptance of its digital currency, BUIDL token, as collateral in crypto derivatives trading. BlackRock is reportedly talking to major crypto exchanges, including Binance, OKX, and Deribit, to promote BUIDL's use in derivatives transactions. Currently, FalconX and Hidden Road already accept BUIDL as collateral. The token is aimed at qualified institutional investors with a minimum investment threshold of $5 million. Additionally, BlackRock has received over $1 billion worth of BTC into its accounts in the last three days through its BTC Spot ETF.



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