Integral launches on-chain crypto prime brokerage service
The model leverages stablecoins to exchange margin and settle trades on blockchain
Foreign exchange trading technology provider Integral has launched an institutional cryptocurrency prime brokerage service, which will allow margin and settlement between counterparties to be carried out on-chain.
The offering is called PrimeOne and is based on stablecoins – a first, according to the vendor – in which accounts can be funded with USDC or USDT and margin is exchanged automatically on the blockchain. Positions are marked-to-market every 10 seconds and trades are settled at the end
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