TechFlow reports, on August 16, according to The Information, the collapse of major crypto-friendly banks last year made it difficult for hedge funds and other crypto investors to transfer funds. However, responding to market demand, crypto brokers like FalconX and trading firms such as GSR and B2C2 have begun offering short-term financing to ensure clients’ trades settle instantly, earning substantial returns in the process. By providing short-term loans, these firms are filling the gap between crypto market transactions and fund transfer timing, charging annualized interest rates as high as 25%.
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