In a bid to cement this movement, WCX, a popular Swiss-based Bitcoin trading exchange, has announced that starting on May 10, users on the platform will be able to long and short Uber stocks using Bitcoin during the ride-hailing services much-talked about Initial Public Offering [IPO].
The platform also stated that users will be able to use Bitcoin as collateral to speculate and guess the future price movement of Uber stocks. WCX also educated its users that if they think the price will go up, they need to go long with Bitcoin and if the opposite is likely, users should go short. Developments such as this are expected to give a boost to Bitcoins value, at a time when it has taken a hit due to events such as the Binance hack.
https://ambcrypto.com/bitcoin-btc-to-be-offered-as-collateral-during-ubers-initial-public-offering-ipo/