[2019-2-4]UK Financial Watchdogs Gives Go-Ahead to Trading Crypto Derivatives

[Vladdirescu87]

While new digital currency derivatives product such as exchange-traded funds (ETFs) and physically delivered futures are in a precarious situation with an unclear future in the United States, one big United Kingdom store has begun trading a new major financial product that is tied to digital assets.

B2C2, a UK-based electronic OTC trading company and digital currency liquidity provider, received a clear green-light from the British financial watchdogs to trade so-called contracts-for-difference to their potential institutional customers.

Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/uk-crypto-derivatives/

[elda34b]

Nice. Forget US, UK is the next crypto center. But anything that happens in this bear market even though it is positive hardly moves the price. I want to see green candles badly. Hope this will cause some little spike upwards.

[Kemarit]

Nice. Forget US, UK is the next crypto center. But anything that happens in this bear market even though it is positive hardly moves the price. I want to see green candles badly. Hope this will cause some little spike upwards.

But US is still the biggest influence as far as the price of crypto though, they're the prime mover so it's better if we here some positive new coming from them to see some spikes. However, we can't discount countries like UK, so let's see how this "contracts-for-difference" brings money to the market. Honestly, this is a new term to me, so I will have to take a look at and see the advantages for casual investors.

[yesyes18]

Nice. Forget US, UK is the next crypto center. But anything that happens in this bear market even though it is positive hardly moves the price. I want to see green candles badly. Hope this will cause some little spike upwards.

Lol, that's why i live by this assertion/theory now;

Bear market respects no good news
Bull market respects no bad news
Accumulation markets respects nothing (good/bad)

The choice is ours to make then.

[Kakmakr]

" According to B2C2, their product will enable investment banks and broker customers to make major leveraged bets on the future price of any single digital currency. The product enables crypto traders and potential investors to have exposure to virtual currency markets minus having to keep tokens by themselves. "

This sounds more like Bitcoin Futures and not like Bitcoin ETF's.  We have already seen that Bitcoin Futures are actually not beneficial to Bitcoin, because no actual bitcoins are bought and sold, so it has no direct influence on the supply and demand and eventually the price. 

We need a regulator in a country that would approve some investment tool like a Bitcoin ETF, where coins are actually bought and sold for it to have any real impact on the price. {Some people say Japan will be the first country to do this} 

[btyco]

I too am thinking that japan will lead the way with bitcoin ETF's. The UK is a hub of financial activity, but that is for bankers and fiat, not yet for crypto currencies.