CoinsDex

CoinsDex offers, among other services, fiat currency loans to cryptocurrency HODLers using their cryptocurrency as collateral. This could be accomplished via simple capital market derivatives transactions. It could be the OTC repos market commonly practiced on Wall Street. Put in another word it is the securities lending business that is the cornerstone of the Wall Street OTC securities trading business. Once this market has been developed on the back of the futures market, the additional main benefit is that people would finally be able to short Bitcoins and other alt coins "physicals". In the future, we may also extend the maturity beyond a few months to a few years and build a trading implied yield curve for Bitcoins and other popular alt coins. We could then offer the OTC interest rate swaps, cross currency swaps and the total return swaps business under ISDA through blockchain smart contracts as well. This cryptoassets backed fiat loan lending business could also be conducted as an FX swap instead of a repo or security lending transaction. The math behind them is all the same and the market practices have simply been handled by different market participants under different regulatory jurisdictions.