UK-based OTC trading firm and crypto liquidity provider B2C2 has received the approval to offer crypto derivatives in the country. The approval was made by the Financial Conduct Authority (FCA) for its subsidiary B2C2 OTC Ltd. to arrange and deal in crypto contracts for difference (CFDs). Traders can make money by either going long or short on CFDs, without actually owning any cryptocurrencies. B2C2 offers CFDs for bitcoin (BTC), bitcoin cash (BCH), ether (ETH), litecoin (LTC) and XRP. Traders can avoid the risks associated with crypto custody through CFDs. However, it is for purely speculative purposes, and traders cannot use the cryptocurrencies they hold. (just yet!)
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Info source: coindesk.com
More read: https://www.coindesk.com/uk-firm-gets-regulatory-green-light-to-offer-crypto-derivatives
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