π΄REMINDER: $5,910,000,000 in BTC and ETH options are set to expire today.
Expect High volatility.
Expect High volatility.
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Swiss Bank Sygnum to Launch Bitcoin-Backed Loan Platform With Multi-Sig Wallet Control
What to know:
Sygnum Bank and Debifi are launching MultiSYG, a bank-backed loan platform allowing borrowers to retain partial control of their bitcoin.
The offering, set to launch next year, aims to address concerns about rehypothecation in traditional finance.
The platform uses a multi-signature wallet system, requiring three signatures for collateral movement, enhancing security and transparency for borrowers.π’π’π’
What to know:
Sygnum Bank and Debifi are launching MultiSYG, a bank-backed loan platform allowing borrowers to retain partial control of their bitcoin.
The offering, set to launch next year, aims to address concerns about rehypothecation in traditional finance.
The platform uses a multi-signature wallet system, requiring three signatures for collateral movement, enhancing security and transparency for borrowers.π’π’π’
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Safe traders can book and risky can put SL to breakeven
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