We have released a significant improvement to the LGO spot exchange in the form of the daily credit facility. Live since April 2020, this new funding option allows clients to trade without prefunding.
A flexible, secure and scalable funding option
LGO clients can now access an intraday credit line which can be settled on the next business day. This is a first in the industry!
The daily credit facility provides clients with:
- Low-cost financing: clients only pay interest on the funds used
- No opportunity cost: clients can take advantage of trading opportunities with low capital requirements
- Scalable: Flexible sizes of credit limits
- Secure: Limited counterparty risk
Helping our clients lower their capital constraints
Working with over 60 institutional counterparties in the cryptocurrency space, we recognize how important capital efficiency is for our clients.
The daily credit lines were developed to allow clients with tight capital constraints to keep trading on the LGO platform while maximizing the effectiveness of their current capital. Eligible clients can now trade on the LGO platform with very low capital constraints.
LGO’s new funding option is a first in the digital asset industry, and is inspired by the funding options available in traditional financial markets that have yet to be implemented to the cryptocurrency markets.
How to access the Daily Credit Facility
The Daily Credit Facility is available to eligible institutional clients only, and its proceeds can be used on the LGO spot exchange only.
If you are an LGO institutional client looking to set up a credit line, please contact your LGO account representative or open an account!
Learn more about the daily credit facility on:
1- Our website
2- The Daily Credit Facility FAQ
3- Coindesk's latest article on LGO
LGO is the leading Bitcoin spot exchange for institutions. Live since April 2019, they are trusted by over 50 institutional counterparties across 15 countries. With a boutique approach they provide a suite of fully customizable services, best in class technology, and deep liquidity. With offices in the US and in France, LGO has been selected in the FrenchTech 120 as one of the French global technology leaders of tomorrow. Please contact us at: https://lgo.group