11/10/19 05:55 UTC-4

UK platform starts trading gold for Bitcoin

CryptocurrencyBitcoin-gold trading on B2C2 platform
Bitcoin-gold trading on B2C2 platform

From now on, people can buy gold and pay with cryptocurrency on the OTC platform B2C2. The product is designed for institutional customers who will be able to trade precious metals without having to make deliveries.


Permission to launch the platform was presented this year in February by the financial regulator of the United Kingdom (FCA). The CEO of B2C2, Max Boonen, said that the creation of the derivative was justified by numerous requests from large traders.

“Clients trade an ounce of gold (minimum trade size) priced in Bitcoin, and the derivative is settled in Bitcoin. The benefit of tradingTrading
– is an economic term that means the process of independent trade, independent analysis of the market and the conclusion of trade transactions.Details
gold (or Bitcoin) in a derivative form is that it’s simpler to trade than the cash for a variety of operational reasons.”

The OTC trading platform B2C2 has created what it calls the first gold trading product (XAU) using Bitcoins (BTC) for pricing and settlement.

  • Cryptocurrencies have become the new trend of the 21st century. Today, it is not easy to find a person who has not heard about the decentralization of the financial system, Bitcoin, or miningMining
    – is a type of activity for creating new blocks in the Blockchain to ensure proper system operation. Details
    . Our editorial team of Cryptobit.Media has prepared some of the most interesting facts about cryptocurrencies for all crypto-enthusiasts and those who love to learn something new. 

See also: "Perth Mint uses blockchain technology"

#Bitcoin #gold #UnitedKingdom #platform #trading #institutional #clients

Editor: Alyona Deryabina


12/10/19 04:20 UTC-4

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