B2C2, a cryptocurrency “liquidity provider” and electronic OTC trading magnate, has recently announced that British regulators have given their U.K.-based subsidiary approval to offer the crypto space a new investment derivative.According to a press release shared with Bitcoin Magazine, the British Financial Conduct Authority (FCA) has authorized B2C2 OTC Inc. “to arrange and deal in Contracts for Difference (CFDs) with eligible counterparties and professional clients.” The release went on to claim that “the FCA authorisation will allow these clients of B2C2 OTC Ltd to gain exposure to cryptocurrency markets via the firm’s CFDs.”Founder and CEO Max Boonen elaborated that they will be using this license “to introduce a cryptocurrency CFD product,” claiming that “eligible counterparties 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.”A CFD is an investment vehicle that allows investors to make contracts directly with brokers/banks, instead of relying on an open position in a market. The investor does not actually own the assets in question, but instead makes a bet on how the value of the assets will change (like with futures), thus the name “contracts for difference.” Of particular note to the crypto space is that ...
