FCA authorizes UK firm to trade cryptocurrency CFDs

Cryptocurrency liquidity provider B2C2 announced that its UK subsidiary, B2C2 OTC, is now authorized and regulated by the UK’s Financial Conduct Authority to arrange and deal in Contracts for Difference (CFDs) with eligible counterparties and professional clients. The FCA authorization means these clients of B2C2 OTC to gain derivatives exposure to cryptocurrency markets via the firm’s CFDs.

Retail brokerages, exchanges, banks and fund managers get exposure to large-cap cryptocurrencies — bitcoin, ether, litecoin, ripple and bitcoin cash — with flexible trade sizes and settlement. The firm’s tech has streaming prices and instant execution via REST and FIX APIs, in addition to its web interface and voice trading capabilities. B2C2 is also integrated with the liquidity hubs such as Simplex, oneZero, Gold-i and Caspian.

Max Boonen, founder and CEO of B2C2, said in a statement that eligible counterparties and professional clients can avoid “the risks associated with crypto custody”.

B2C2 is a founding member of the University of Oxford’s Centre for Technology and Global Affairs and a member of CryptoUK, the first self-regulatory trade association for the UK cryptocurrency industry. The firm is also a member of the Blockchain and Virtual Currencies Working Group in Brussels; the French Cryptocurrency Management Association; and Japan’s Cryptocurrency Business Association.

Read the full release

Related Posts

Previous Post
ECB working paper: From cash- to securities-driven euro area repo markets: the role of financial stress and safe asset scarcity
Next Post
IHS Markit invests in fintech Cobalt with plans to re-engineer FX post-trade

Fill out this field
Fill out this field
Please enter a valid email address.


Reset password

Create an account