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BlackRock BUIDL as trading collateral on Crypto.com and DeribitUpdated 18 Oct 2026

Since June 2025 institutional and experienced clients of Crypto.com and Deribit can post BlackRock's tokenised BUIDL fund as trading collateral. Deribit accepts it for futures and options margin. Crypto.com accepts it for spot, leveraged, derivatives and OTC trading in selected jurisdictions. The fund's low volatility and yield are meant to lower margin costs. Both venues cut BUIDL's collateral haircut in early 2026 (Deribit from 10% to 2%, Crypto.com from 2% to 1%), confirming the service is still offered.

AnnouncedProof of conceptPilotLive (limited)Live (scaled)

Live (limited) since 18 Jun 2025[1] — Limited to eligible clients; no pledged amounts disclosed. Both venues still list BUIDL as collateral in 2026 (haircut cuts in January and March 2026). · Reviewed 21d ago

Assets
Fund interest[1]
BUIDL fund shares
Networks
Ethereum Public, permissionless[2]
BUIDL's original chain; the June 2025 report does not say which chain's tokens are accepted
Use cases
Collateral mobility[1][3][4]
Jurisdictions
Global

Participants

Assets

Timeline

  1. Happened 25 Mar 2026 · Scope expansion · recorded 18 Oct 2026
    Crypto.com Exchange cuts the collateral haircut on BUIDL from 2% to 1% for institutional clients.[4]
  2. Happened 8 Jan 2026 · Scope expansion · recorded 18 Oct 2026
    Deribit cuts the haircut on BUIDL used as cross-collateral from 10% to 2% for portfolio and standard margin accounts.[3]
  3. Happened 18 Jun 2025 · Launch · recorded 11 Oct 2026
    Crypto.com and Deribit start accepting BUIDL as collateral, with the fund at about $2.9 billion.[1]

Sources

  1. [1]Deribit, Crypto.com accepting BlackRock BUIDL as collateral — Cointelegraph, 18 Jun 2025. Accessed 11 Oct 2026.C
  2. [2]BlackRock's BUIDL, Tokenized by Securitize, Now Accepted as Collateral for Trading on Binance and Launches on BNB Chain — Securitize, BlackRock and Binance (via PR Newswire / AAP), 14 Nov 2025. Accessed 11 Oct 2026.B
  3. [3]Portfolio Margin Improvements for stETH and Cross-Collateral Haircuts — Deribit, 8 Jan 2026. Accessed 18 Oct 2026.B
  4. [4]Reduced BUIDL Collateral Haircut Now Live on Crypto.com Exchange — Crypto.com, 25 Mar 2026. Accessed 18 Oct 2026.B

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