Trading shares at LSE for bitcoins now availableBitcoin became applicable as collateral margin for trades with shares and exchange traded funds at London Stock Exchange. This functionality is available for clientelle of First Global Credit as it announced listing of respective assets as available shares.
The company employs a derivative named TRS (total return swap) to sell or buy shares on behalf of its customers, and tranfers bitcoins to their accounts upon closure of positions.
The company states its platform has more than 1,300 registered customers with monthly trade volume reaching $2 million. The company also allows its customers to convert their bitcoin deposits into fiat without trade closing.
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