FxWirePro: USD/CAD Bullish/Bearish Scenario Analysis, Projections, OTC Indications And Hedging Strategies
Crypto-Technical Series: Bitcoin Staged For 8th Consecutive Weeks’ Rallies, Long Hedges As BTC Reclaims $10k With Resounding Engulfing
Blockchain Revolution Series: Tencent Holdings To Invest Huge For Tech-Infra Including Blockchain, AI & Cyber Security
Cryptocurrency Series: BTC Long Hedges Productive As Bitcoin Bulls Staged For 8th Consecutive Weeks’ Rallies
Digital Currency/Stablecoin/Tokenization Series: Publish And TokenPost Debuts Media Industry’s Stablecoin (NKRW)
Crypto-Technicals: BTC/USD Forms Double Top Pattern, 100-DMA Acts As Neckline Support Ahead of CME F&O Expiry Season
Cryptocurrency Derivatives Series: UK-based ‘B2C2’ Unveils Gold-Derivatives Against Bitcoin
The UK-based crypto liquidity provider and OTC platform, ‘B2C2’ has announced the launch of a gold derivatives product that synthetically trades against bitcoin. The firm enables their clients to trade gold against bitcoin.
The clients can trade an ounce of gold priced in bitcoin, and settled in bitcoin.
The CEO and the founder, Max Boonen, clarified to the news outlet, ‘The Block’ that clients can trade an ounce of gold priced in bitcoin, and settled in bitcoin
Synthetic trading mechanism enables traders to take a short or long position without actually buying or selling an underlying asset. The benefit of trading gold (or bitcoin) in a derivative form (synthetically) is that it’s simpler to trade than the cash underlier for a variety of operational reasons, and typically represents the majority of activity in the product/asset.
The firm reportedly received the regulatory approval from the FCA for the crypto derivatives in the U.K. earlier this year.
B2C2 offers crypto trading in bulk through its API service and provide liquidity for Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple, and Ethereum Classic in USD, GBP, EUR, JPY, SGD, AUD, CAD, CHF and more.