Backpack Adds USD Loans Against Stocks and ETFs
- —Users can borrow USD against stock and ETF holdings on Backpack
- —17 stocks and ETFs are supported as collateral, with more to come
- —Positions can be hedged via perpetuals without selling shares
Why it matters: The move blurs the line between crypto and traditional brokerage, intensifying competition for retail traders.
Source: Coinfomania