Bitcoin Payments App Strike to Offer BTC Lending in Boost to Reemergent Sector
“You shouldn’t have to sell the best-performing asset in human history to access cash. Now you don’t have to,” founder Jack Mallers wrote.
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Crypto Lending
“You shouldn’t have to sell the best-performing asset in human history to access cash. Now you don’t have to,” founder Jack Mallers wrote.
APX received exemptive relief from the Canadian Securities Administrators (CSA) at the start of this month.
As traditional investment products face declining yields, savvy asset managers must consider emerging opportunities within the cryptocurrency space to meet growing client demand.
Bitcoin’s emergence in collateral structures has the potential to revolutionize the lending landscape. Its ability to mitigate credit risk amid escalating uncertainties highlights its transformative power.
The platform witnessed a 29.8% jump in retail lending between the first and second quarters.
Cantor Fitzgerald CEO Howard Lutnick (Danny Nelson/CoinDesk)
The Global Financial Crisis reduced the depth of capital markets. Blockchain-based stablecoins can help fill the gap, say Christine Cai and Sefton Kincaid, of Cicada Partners.