Chinese Bitcoin Exchange Accepts BTC as Stock Collateral

By May 6, 2015Bitcoin Business

Through its platform called Caimao, Chinese bitcoin exchange Huobi is accepting BTC as stock trading collateral. This service will allow clients to mortgage their bitcoins in exchange for Chinese yuan loans to buy shares on the Shanghai Stock Exchange .

This can allow investors who have lost money due to the bitcoin price slump in the past few months to still make use of the asset and borrow up to 60% of their BTC deposit […]

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