The Daily Leo | JPMorgan to offer Loans with crypto ETFs as collateral

in LeoFinance18 days ago

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JPMorgan to offer loans with crypto ETFs as collateral

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Crypto adoption is growing gradually, which is a good sign for the crypto community. With the launch of ETFs for Bitcoin and Ethereum, things have taken the next level. Now JPMorgan, the largest bank in the United States is going to offer loans with crypto ETFs as collateral. Now as we know a lot of people of buying ETFs so they now have the option to avail loans against this without selling these instruments. We can expect many such initiatives to roll out in coming years

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There is a lot going on in the crypto space nowadays and some countries are looking for different ways to adopt it and bring regulations as well. Now California's State Assembly has passed an Assembly Bill. This bill will allow the California state government to get possession of digital assets that have been unclaimed for 3 years in the exchanges

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Ethereum is a popular blockchain network and its coin is the top alt coin. Ethereum is the second-rank coin based on marketcap after Bitcoin. This coin has not performed so well this time and possibly its because of the competition that this network has been getting after the launch of Solana and Sui blockchain networks. Vitalik says ethereum will scale 10x over the next year

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LeoDex is a decentralized exchange by the Inleo team and the team has been working hard to make this DeX more user-friendly and also add more coins to the platform. XRP Trading Goes LIVE on LeoDex now via THORChain and XRP is a popular coin so this can get the DeX more trading volume. XRP trading is easy on Leodex where you just need to connect the wallet and you are ready for the trade. More you can check on this post about it

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