UK Crypto Liquidity Provider Receives Financial Regulator's Approval

The UK financial regulator has given a license to a local crypto liquidity provider and electronic OTC trader.

United Kingdom crypto liquidity startup B2C2 OTC Ltd. has received approval from the country’s Financial Conduct Authority (FCA) on Wednesday, Jan. 30, according to a record in the FCA’s register.

A separate press release notes that B2C2, which also provides electronic over-the-counter (OTC) trading, can now offer contracts for difference (CFDs) to eligible counterparties and professional clients.

The firm’s co-founder, Max Boonen, believes the acceptance of the license will allow investors to gain exposure to cryptocurrency markets while avoiding the risks associated with crypto custody.

Moreover, the FCA may compensate customers in case the company fails, as can been seen from the text of the registry record.

As Cointelegraph reported earlier in January, the FCA recently released a…

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2019-02-01 13:11:00

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Written by Cointelegraph

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