Bitcoin Global News (BGN)
February 01, 2019 -- ADVFN Crypto NewsWire -- Institutional
investors have expressed strong interest in the opportunity of
trading cryptocurrencies, but the regulations in place for
traditional fiat custody licensing is almost every country around
the world prevents this from happening. To get around these
regulations, licensed stock exchanges have created various forms of
indirect cryptocurrency ownership, such as Exchange Traded Products
(ETFs) and Contracts for Difference (CFDs).
Bitcoin and other cryptocurrency
ETFs have caused an ongoing battle between investment firms and
financial regulators in America. The debate lies in the varying
definitions of what a cryptocurrency actually is - property,
commodity, security or currency. There are different laws regarding
each. However in the UK, there have been more defined practices
established to allow for OTC trading products.
Industry leading
Liquidity
Some of the biggest arguments
against trading cryptocurrencies are security issues, regulation
and lack of liquidity. B2C2 has now address all three problems by
officially receiving authorization from the UK’s Financial Conduct
Authority to create and trade CFDs. The service will only be
offered for institutional investors and other professional clients,
offering derivative exposure to the cryptocurrency
markets.
“We are excited to have received
authorisation from the FCA to introduce a cryptocurrency CFD
product. 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.” - Max Boonen, Founder and CEO of B2C2
B2C2 was founded only in 2015, but
has quickly developed some of the most promising avenues for
engaging the cryptocurrency market. The company was the first in
the UK to offer an OTC trading desk. They deal with all of the most
popular and major market cap cryptocurrencies, and offer flexible
trading sizes and settlements. They use streaming prices and
instant execution via REST and FIX APIs, as well as a web interface
with voice trading capabilities. They have direct integration with
the largest liquidity hubs, including Simplex Inc., oneZero, Gold-i
and Caspian.
In addition, B2C2 was a founding
member of the University of Oxford's Centre for Technology and
Global Affairs, as well as a member of CryptoUK. CryptoUK is the
first self-regulatory trade association for the cryptocurrency
industry in the UK. They participate in the Blockchain and Virtual
Currencies Working Group in Brussels; the French Cryptocurrency
Management Association; and Japan’s Cryptocurrency Business
Association.
By: BGN Editorial Staff