Australian Bitcoin trading platform going global

Australian Bitcoin trading platform going global

Popular Australian trading platform is in negotiations with US and Asian investors. is a Bitcoin derivatives trading platform, created in Australia. Operating from their office in Singapore and London, Sydney was more expensive; they offer derivatives. These can best be described as instruments that allow investors to trade in something indirectly. As the name implies, they are "derived" units of value. is currently the most popular platform for doing trades like this. The success of this website attracted major capital. The trading platform is on the brink of securing....

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I do not understand where the backing of Bitcoin is coming from. There is no fundamental issue of capabilities of repaying it in anything which is universally acceptable, which is either intrinsic value of the currency or the credit or trust of the individual who is issuing the money, whether it's a government or an individual.

Alan Greenspan, Chairman of the Federal Reserve of the United States from 1987 to 2006