Deribit, Crypto.com Adopt BlackRock’s BUIDL for Leverage Trades

- Deribit and Crypto.com now accept BlackRock's tokenized U.S. Treasury fund (BUIDL) as collateral. - Integration aims to lower margin requirements for leveraged trading. On June 18, 2025, Cointelegraph reported that Deribit and Crypto.com are now accepting BlackRock's BUIDL as trading collateral for institutional and experienced clients. This integration enables traders to utilize a stable, yield-bearing digital asset, which can potentially lower margin requirements for leveraged trades. Forbes also reported on this development on June 18. PR Newswire noted on June 18 that Securitize tokenized BUIDL. BUIDL is the first tokenized U.S. Treasury fund that multiple major exchanges now accept as collateral, and this move marks a significant milestone for BlackRock's Institutional Digital Liquidity Fund (BUIDL). The fund holds a substantial share of the tokenized Treasuries market. In addition, other outlets like Blockworks, Cryptopolitan, and CryptoSlate also covered this development on June 18. The integration of BUIDL into Deribit and Crypto.com reflects a broader trend involving the merger of traditional financial instruments with the cryptocurrency market. Tokenized U.S. Treasury products are emerging as an alternative to stablecoins, as their yield-bearing properties make them a viable alternative. On June 19, 2025, CoinMarketCap reported that as of 00:16 UTC, Ethereum (ETH) was trading at $2,517.22, and its 24-hour trading volume had decreased by 0.077%.