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Nakamoto Extends $60M Kraken Loan and Adds Bitcoin Derivatives as Collateral
(2 hours ago) · 1 source · Summarized by CryptoBipto
Nakamoto has extended a $60 million loan from Kraken and expanded the collateral backing the loan to include Bitcoin derivatives. The move represents a shift in how crypto-native firms structure lending arrangements by incorporating derivative instruments alongside traditional crypto collateral.
WHY IT MATTERS
In traditional finance, when you borrow money, you often put up something valuable as collateral — like a house for a mortgage.
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SOURCES
- cryptopotato.com
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