BitGo Holdings, Inc. and Kalshi Prime have announced the launch of a new service dubbed HODL Margining. This network is designed to allow eligible customers to meet fiat margin obligations by utilizing their existing cryptocurrency holdings as collateral, eliminating the requirement to sell these digital assets to secure liquidity.
As part of this initiative, BitGo Bank & Trust, a subsidiary of the digital asset infrastructure firm BitGo, has joined the network as its inaugural custodian. BitGo Bank & Trust is an OCC-regulated digital asset trust bank.
By enabling the use of crypto assets for margin funding, the collaboration aims to provide a mechanism for customers to maintain their digital asset positions while simultaneously managing their margin requirements in the Kalshi Prime network.
Source: Finextra
Original article: https://www.finextra.com/pressarticle/111420/kalshi-and-bitgo-allow-customers-to-unlock-crypto-liquidity-for-margin?utm_medium=rssfinextra&utm_source=finextrafeed
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