More 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. The service could appeal to investors with a bearish view on the US currency, chief executive Richard Byworth said. “An investor trading crypto-derivatives on our platform can borrow US dollar from us against bitcoin, which is put into our custody facility as collateral,” Byworth said in Hong Kong. […] Photo: K. Y. Cheng alt=Nasdaq-listed Diginex chief executive Richard Byworth sees multiple use cases for borrowing against bitcoin. […] Diginex also allows traders to borrow bitcoin for short-selling purposes as part of a hedging strategy.
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