A UK trading firm gets green light to offer a new derivative tied to crypto

As new crypto derivatives products — including an ETF and physically delivered futures — hang in the balance in the U.S., one UK trading shop has started trading a new financial product tied to cryptocurrency.

B2C2, a London-based trading firm, got the green-light from British financial regulators to trade so-called contracts-for-difference for their institutional clients, the company said Thursday in a news release. “The FCA authorisation will allow these clients of B2C2 OTC Ltd to gain exposure to cryptocurrency markets via the firm’s CFDs,” the company said.

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