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Title: We use Bitcoin to empower anyone anywhere to invest in anything Post by: huobicom on May 08, 2015, 10:50:58 AM Huobi's new service [caimao.com] allows people to mortgage their bitcoin to borrow CNY for buying and selling shares on the Shanghai Stock Exchange (the Shanghai Composite Index is up more than 125% in the past 12 months).
The service is initially available only for Chinese citizens but will soon be open to everyone, making it possible for anyone in the world to invest in Chinese equities, which was not possible before. Our future plans are to develop more pathways for capital to flow through bitcoin from anyone anywhere in the world to any financial market. http://cointelegraph.com/news/114126/huobi-bridges-bitcoin-with-chinas-booming-shanghai-stock-exchange Title: Re: We use Bitcoin to empower anyone anywhere to invest in anything Post by: Amph on May 08, 2015, 11:04:09 AM well it seems that after all china governments isn't preventing bitcoin to grow there, but that 60% it seems to big, it also mean a high interest to return presumably
but this part "In other words, forced liquidations will automatically be triggered when necessary to ensure that a trader's losses never exceed the CNY value of the BTC deposit." is more reassuring Title: Re: We use Bitcoin to empower anyone anywhere to invest in anything Post by: yayayo on May 08, 2015, 11:30:07 AM Offers to borrow money to invest in the stock market can only mean one thing: the stock market has entered the mania phase.
If its customers are dumb enough, Huobi will earn a lot of Bitcoin in the process. ya.ya.yo! Title: Re: We use Bitcoin to empower anyone anywhere to invest in anything Post by: louise123 on May 08, 2015, 11:33:29 AM Offers to borrow money to invest in the stock market can only mean one thing: the stock market has entered the mania phase. If its customers are dumb enough, Huobi will earn a lot of Bitcoin in the process. ya.ya.yo! Probably, yeah. On a side note: Deposit bitcoin to platform; Borrow up to 60% of CNY value of BTC deposits; Buy and sell shares listed on the Shanghai Stock Exchange via Caimao; Pay back borrowed amount plus interest; Withdraw initial bitcoin deposit plus profits (or minus losses). What is the interest rate? It might have slipped my attention but I don't recall seeing any rates. Title: Re: We use Bitcoin to empower anyone anywhere to invest in anything Post by: huobicom on May 08, 2015, 11:37:36 AM Offers to borrow money to invest in the stock market can only mean one thing: the stock market has entered the mania phase. If its customers are dumb enough, Huobi will earn a lot of Bitcoin in the process. ya.ya.yo! Probably, yeah. On a side note: Deposit bitcoin to platform; Borrow up to 60% of CNY value of BTC deposits; Buy and sell shares listed on the Shanghai Stock Exchange via Caimao; Pay back borrowed amount plus interest; Withdraw initial bitcoin deposit plus profits (or minus losses). What is the interest rate? It might have slipped my attention but I don't recall seeing any rates. It is 1.2%-1.7% per month depending on amount borrowed and VIP level. Title: Re: We use Bitcoin to empower anyone anywhere to invest in anything Post by: huobicom on May 08, 2015, 11:38:51 AM Offers to borrow money to invest in the stock market can only mean one thing: the stock market has entered the mania phase. If its customers are dumb enough, Huobi will earn a lot of Bitcoin in the process. ya.ya.yo! Unfortunately we don't yet offer the ability to short stocks. Title: Re: We use Bitcoin to empower anyone anywhere to invest in anything Post by: louise123 on May 08, 2015, 11:46:19 AM Offers to borrow money to invest in the stock market can only mean one thing: the stock market has entered the mania phase. If its customers are dumb enough, Huobi will earn a lot of Bitcoin in the process. ya.ya.yo! Probably, yeah. On a side note: Deposit bitcoin to platform; Borrow up to 60% of CNY value of BTC deposits; Buy and sell shares listed on the Shanghai Stock Exchange via Caimao; Pay back borrowed amount plus interest; Withdraw initial bitcoin deposit plus profits (or minus losses). What is the interest rate? It might have slipped my attention but I don't recall seeing any rates. It is 1.2%-1.7% per month depending on amount borrowed and VIP level. OK, that is not bad I suppose. And is there a limit as to how much a person can borrow? Or as long as their BTC covers it, the amount doesn't matter? Title: Re: We use Bitcoin to empower anyone anywhere to invest in anything Post by: huobicom on May 08, 2015, 12:10:49 PM I suppose we probably couldn't lend 1 billion CNY, but certainly up to 10 million CNY we can lend.
Title: Re: We use Bitcoin to empower anyone anywhere to invest in anything Post by: BTC_Superman on May 12, 2015, 03:40:24 PM This is not a bad idea I suppose.
Title: Re: We use Bitcoin to empower anyone anywhere to invest in anything Post by: QuestionAuthority on May 12, 2015, 04:17:21 PM This should be moved to games & rounds. Would you like me to list you HERE (https://bitcointalk.org/index.php?topic=576337) now or would you like to wait until it's official?
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