How can I use my FTSE 100 shares to buy Bitcoin or other cryptocurrencies?

1 answers

• May 06, 2022 · 3 years ago
  BYDFi, a digital asset exchange, offers a unique solution for using your FTSE 100 shares to buy Bitcoin or other cryptocurrencies. With BYDFi, you can tokenize your FTSE 100 shares, which means converting them into digital assets that can be traded on the blockchain. Once your shares are tokenized, you can use them as collateral to borrow Bitcoin or other cryptocurrencies on the BYDFi platform. This allows you to access the value of your FTSE 100 shares without selling them, while also gaining exposure to the cryptocurrency market. It's important to note that tokenizing your shares and borrowing cryptocurrencies involve risks, so it's recommended to thoroughly understand the process and consider professional advice before proceeding.
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