Chinese speculators are borrowing in droves to take out positions in the bull market, according to one lender. BabelBank, one of the largest commercial crypto banks, has seen a significant increase in speculative borrowing. The Beijing-based bank makes loans in stablecoins, collateralized by deposits of Bitcoin. In the past eight weeks, BabelBank has almost doubled the […]The post Chinese Speculators Borrow Millions To Invest In Crypto, Says Bank CEO appeared first on Crypto Briefing.
