Diginex said that it will let traders borrow Bitcoin for the short-selling purpose as part of the hedging strategy. The lender on Diginex will receive a fee for the same. Such traders are most likely to start by the next month said Diginex chief executive.
As it turns out, more investment firms are warming up to Bitcoin and are eager to offer dollar loans with Bitcoin as collateral. As per the latest report from SCMP, Singapore-based Nasdaq-listed crypto exchange Diginex is willing to offer crypto lending and borrowing services to its clients starting March 2020.
Diginex chief executive Richard Byworth said that this service will help to capture institutional demand.
Diginex said that it will let traders borrow Bitcoin for the short-selling purpose as part of the hedging strategy. The lender on Diginex will receive a fee for the same. Such traders are most likely to start by the next month said Diginex chief executive.
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