B2C2 Gets Go-Ahead from U.K. Regulators to List Bitcoin Derivative

B2C2, a cryptocurrency “liquidity provider” and electronic OTC trading magnate, has recently announced that British regulators have given their U.K.-based subsidiary approval to offer the crypto space a new investment derivative.

According to a press release shared with Bitcoin Magazine, the British Financial Conduct Authority (FCA) has authorized B2C2 OTC Inc. “to arrange and deal in Contracts for Difference (CFDs) with eligible counterparties and professional clients.” The release went on to claim that “the FCA authorisation will allow these clients of B2C2 OTC Ltd to gain exposure to cryptocurrency markets via the firm’s CFDs.”

Founder and CEO Max Boonen elaborated that they will be using this license “to introduce a cryptocurrency CFD product,” claiming that “eligible counterparties and professional clients can now gain derivative exposure to the cryptocurrency markets, benefiting from the competitive pricing and liquidity they’re accustomed to receiving from B2C2 while avoiding the risks associated with crypto custody.”

A CFD is an investment vehicle that allows investors to make contracts directly with brokers/banks, instead of relying on an open position in a market. The investor does not actually own the assets in question, but instead makes a bet on how the value of the assets will change (like with futures), thus the name “contracts for difference.” Of particular note to the crypto space is that the investor can easily bet that the value of assets will depreciate or increase, making it a convenient avenue for shorting or longing, respectively.

B2C2 calls itself “a market leader in CFDs,” earning the trust of “retail brokerages, exchanges, banks and fund managers to provide 24/7/365 liquidity,” and offering “exposure to large-cap cryptocurrencies, with flexible trade sizes and settlement.” With the ability to offer Bitcoin CFDs in the British financial system, the derivative is the newest legacy financial avenue through which bitcoin could see more institutional investor exposure.

The product’s unveiling comes on the heels of news that the Cboe, after retracting a rule-change filing last week, has resubmitted an application to the U.S. Securities and Exchange Commission to list the world’s first bitcoin exchange traded fund, a financial product that many view as Wall Street’s doorway into the crypto market.

Author:

Source link

Related posts

31 Thoughts to “B2C2 Gets Go-Ahead from U.K. Regulators to List Bitcoin Derivative”

  1. This excellent website truly has all of the information and facts I wanted about
    this subject and didn’t know who to ask.

  2. I’m extremely inspired with your writing talents and also with the
    layout to your weblog. Is that this a paid subject matter or did you modify it yourself?
    Anyway keep up the nice quality writing, it is uncommon to see a nice blog like this one nowadays..

  3. These are really wonderful ideas in about blogging. You have touched some nice
    points here. Any way keep up wrinting.

  4. Wonderful goods from you, man. I’ve understand your stuff previous
    to and you are just too magnificent. I really like what you have acquired here, certainly like what you are saying and the way in which you say it.
    You make it enjoyable and you still take care of to keep
    it sensible. I cant wait to read far more from you.
    This is really a wonderful web site.

  5. Marvelous, what a web site it is! This website provides helpful information to us, keep it up.

  6. I think this is one of the most vital info for me.

    And i am glad reading your article. But wanna remark on few general
    things, The website style is perfect, the articles is really great
    : D. Good job, cheers

  7. Thanks for any other informative web site.
    Where else may just I am getting that kind of info written in such a perfect approach?
    I’ve a challenge that I’m simply now operating on, and I’ve been on the glance out for such info.

  8. I am sure this post has touched all the internet viewers, its really really
    pleasant article on building up new webpage.

  9. Greetings I am so grateful I found your blog, I really found you by error, while I was browsing on Aol for something else, Anyways I am here now and would
    just like to say kudos for a incredible post and a all round thrilling blog
    (I also love the theme/design), I don’t have time to read it all at the moment but I have
    book-marked it and also added your RSS feeds, so when I have time I will be back to read more, Please do keep up the fantastic jo.

  10. Attractive portion of content. I simply stumbled upon your blog and
    in accession capital to say that I get actually enjoyed account your weblog posts.
    Anyway I’ll be subscribing to your augment and even I success you
    get admission to consistently rapidly.

  11. Hi there! This blog post could not be written much better!
    Looking through this post reminds me of my previous roommate!
    He constantly kept preaching about this. I am going to forward this article to him.

    Pretty sure he’s going to have a great read.
    Thanks for sharing!

  12. Asking questions are genuinely pleasant thing if you are not understanding anything
    entirely, however this article offers pleasant understanding
    even.

  13. I’ve been surfing online more than 3 hours today, yet I never found any interesting article like yours.

    It’s pretty worth enough for me. In my view, if all website owners and bloggers made good content as you did,
    the net will be much more useful than ever before.

  14. I would like to thank you for the efforts you have put in penning this blog.
    I really hope to check out the same high-grade blog posts
    from you in the future as well. In truth, your creative writing abilities has encouraged me
    to get my own, personal blog now 😉

  15. This post presents clear idea designed for the new viewers of blogging, that
    really how to do blogging and site-building.

  16. Valuable information. Lucky me I found your website by accident, and I am stunned why this accident did not happened earlier!
    I bookmarked it.

  17. … [Trackback]

    […] Read More to that Topic: tradingbtc.com/2019/02/01/b2c2-gets-go-ahead-from-u-k-regulators-to-list-bitcoin-derivative/ […]

  18. … [Trackback]

    […] Read More on on that Topic: tradingbtc.com/2019/02/01/b2c2-gets-go-ahead-from-u-k-regulators-to-list-bitcoin-derivative/ […]

  19. … [Trackback]

    […] Read More Info here on that Topic: tradingbtc.com/2019/02/01/b2c2-gets-go-ahead-from-u-k-regulators-to-list-bitcoin-derivative/ […]

  20. … [Trackback]

    […] Find More on to that Topic: tradingbtc.com/2019/02/01/b2c2-gets-go-ahead-from-u-k-regulators-to-list-bitcoin-derivative/ […]

  21. … [Trackback]

    […] Here you can find 39662 additional Information on that Topic: tradingbtc.com/2019/02/01/b2c2-gets-go-ahead-from-u-k-regulators-to-list-bitcoin-derivative/ […]

  22. … [Trackback]

    […] Find More Info here to that Topic: tradingbtc.com/2019/02/01/b2c2-gets-go-ahead-from-u-k-regulators-to-list-bitcoin-derivative/ […]

  23. … [Trackback]

    […] Here you can find 66169 more Information on that Topic: tradingbtc.com/2019/02/01/b2c2-gets-go-ahead-from-u-k-regulators-to-list-bitcoin-derivative/ […]

  24. … [Trackback]

    […] Info on that Topic: tradingbtc.com/2019/02/01/b2c2-gets-go-ahead-from-u-k-regulators-to-list-bitcoin-derivative/ […]

  25. … [Trackback]

    […] Find More Info here on that Topic: tradingbtc.com/2019/02/01/b2c2-gets-go-ahead-from-u-k-regulators-to-list-bitcoin-derivative/ […]

  26. … [Trackback]

    […] Here you will find 13459 additional Info to that Topic: tradingbtc.com/2019/02/01/b2c2-gets-go-ahead-from-u-k-regulators-to-list-bitcoin-derivative/ […]

  27. … [Trackback]

    […] Info to that Topic: tradingbtc.com/2019/02/01/b2c2-gets-go-ahead-from-u-k-regulators-to-list-bitcoin-derivative/ […]

  28. … [Trackback]

    […] Find More on that Topic: tradingbtc.com/2019/02/01/b2c2-gets-go-ahead-from-u-k-regulators-to-list-bitcoin-derivative/ […]

  29. … [Trackback]

    […] Read More on that Topic: tradingbtc.com/2019/02/01/b2c2-gets-go-ahead-from-u-k-regulators-to-list-bitcoin-derivative/ […]

  30. … [Trackback]

    […] Find More on that Topic: tradingbtc.com/2019/02/01/b2c2-gets-go-ahead-from-u-k-regulators-to-list-bitcoin-derivative/ […]

  31. … [Trackback]

    […] Find More Info here to that Topic: tradingbtc.com/2019/02/01/b2c2-gets-go-ahead-from-u-k-regulators-to-list-bitcoin-derivative/ […]

Leave a Comment