UK Financial Watchdogs Gives Go-Ahead to Trading Crypto Derivatives

[Goodcat49]

While new digital currency derivatives product such as exchange-traded funds (ETFs) and physically delivered futures are in a precarious situation with an unclear future in the United States, one big United Kingdom store has begun trading a new major financial product that is tied to digital assets.

B2C2, a UK-based electronic OTC trading company and digital currency liquidity provider, received a clear green-light from the British financial watchdogs to trade so-called contracts-for-difference to their potential institutional customers.

What a Come-Back!   
The London-based company is not as popular as other digital currency companies in the market such as Coinbase, BitPay, Localbitcoins or Kraken, but it boasts a significant cryptoasset trading volumes, as per the documents reviewed by The Block.   

According to B2C2, their product will enable investment banks and broker customers to make major leveraged bets on the future price of any single digital currency. The product enables crypto traders and potential investors to have exposure to virtual currency markets minus having to keep tokens by themselves.   

The CBOE Global Markets & CME Group believed that there would be a clear selling point for Bitcoin (BTC) futures products, which also don’t demand investors manage or store tokens themselves, but both giant markets have registered insignificant action.

Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/uk-crypto-derivatives/