Based in London over the counter (OTC) platform B2C2 launched derivatives on gold calculation in bitcoin, according to The Block.
«Customers are trading an ounce of gold (minimum trade size on the platform) denominated in bitcoins. The calculation of derivatives is carried out in BTC», — said CEO and founder B2C2 max Boonen.
The company representatives claim that this is the first such product on the market and what it needs to attract institutional market participants. The current price of an ounce of gold just above $1500.
In the future B2C2 plans to expand the range of derivative financial instruments. Now, in addition to the estimated derivatives of gold, the company offers customers the opportunity to trade a «top capitalization» coins — bitcoin, Ethereum, Litecoin, and Bitcoin Cash EOS.
In the beginning of the year B2C2 OTC Ltd has received permission to work with cryptocurrency derivatives from the office of financial regulation and supervision of great Britain (FCA).
We will remind, in the summer, the FCA has published the final version of the guide to cryptocurrency assets.