British OTC-platform B2C2 will offer customers bitcoin derivatives

The over-the-counter trading platform B2C2 received permission from the British financial regulator to work with cryptocurrency derivatives.

We are delighted to have some great news!
? B2C2 OTC RECEIVES FCA AUTHORIZATION!
Read more: https://t.co/p7Sf0lL3SE

– B2C2 (@ B2C2Group) 31 September 2019 p.

The London company announced that its division is B2C2 OTC Ltd. received permission from the Financial Services Authority (FCA). Now the company will be able to provide customers with contracts for price difference (CFD) based on Bitcoin, broadcast, Litecoin and XRP.

According to the CEO and founder of B2C2 Max Bunen, the advantage of CFD is that “risks associated with the storage of cryptoactive assets” are eliminated.

Note that the British authorities have tightened the regulation of the cryptocurrency industry and their derivatives. Moreover, FCA does not exclude the prohibition of cryptocurrency derivatives, and in particular, contracts for price difference.

Also recall, FCA recently submitted a document proposing to classify cryptoactives into three categories.

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