Backpack Allows Stocks and ETFs as Collateral for Trading
- —Stocks and ETFs are now accepted as collateral on Backpack
- —The feature allows users to take USD loans and trade on margin
- —Real securities are combined with crypto assets in a single portfolio
Why it matters: The merger of traditional securities and crypto in one collateral portfolio intensifies exchange competition for traders and expands access to margin.
Source: Coinfomania