London based B2C2 OTC Ltd, founded in 2015, is an OTC electronic trading firm, that specialises in crypto currency trading. This week they have been granted approval by the Financial Conduct Authority (FCA) to deal in a derivative known as a Contract For Difference (CFD).
B2C2 OTC’s CFD product gives exposure to Bitcoin (BTC), Bitcoin Cash (BCH), Ether (ETH), Litecoin (LTC) and Ripple (XRP). Max Boonen CEO of B2C2 stated in Buisness Wire that;
We are excited to have received authorisation from the FCA to introduce a cryptocurrency CFD product. Eligible counter-parties 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 CEO of B2C2
A CFD is a derivative that allows traders to take advantage of prices movements in both directions up and down.
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