Blockchain Revolution Series: Wirex Launches ‘Visa Multicurrency Travelcard’ To Target Borderless Payments in APAC
Media Files: Media companies are mad as hell at tech giants and don't want to take it anymore. But what choice do they have?
Bakkt BTC Futures Back In Action With Sky-Rocketed Volumes, Rolls-Out Official Custodian Service On Approval From NYDFS
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.