Bitcoin Platform First Global Credit Adds Shares Traded on London Stock Exchange
Bitcoin margin trading platform First Global Credit has announced that is expanding its range of available equities by including shares that are traded on the London Stock Exchange (LSE). The trading platform, which reportedly entertains circa $2 million worth of stock trades every month, is among the first and the foremost companies to have used Bitcoin as a collateral margin to trade traditional equities. It means that traders do not have to lose access to their Bitcoin holdings; instead, they can use these holdings as margins to secure position in stocks and ETFs. First Global Credit’s....
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First Global Credit, a Switzerland.-based financial services company that allows bitcoin to be used as collateral margin to trade stocks, has expanded its range of equities to include shares traded on the London Stock Exchange, according to Finance Magnates. A trading and financial services company that focuses on bitcoin, First Global Credit allows bitcoin holders to use the value of their cryptocurrency in the same way other traders use fiat currency to create profit potential. Customers use bitcoins as assets to generate returns trading stocks, EFTs, precious metals, commodities and....
First Global Credit has recently announced the expansion of its services. Now it offers trades of traditional shares on the London Stock Exchange (LSE) and will allow trading in standard commodity futures contracts in the USA soon. CoinTelegraph asked Jon Matonis, a Former Executive Director at Bitcoin Foundation and Independent board director for First Global Credit to comment on the latest offering from the company: First Global Credit is a cryptocurrency financial services company, launched in October 2014, that allows the use of Bitcoin as a collateral margin to trade stocks and ETFs....
The addition of over 50 fast-moving stocks to First Global Credit is an important milestone for the company. Bitcoin margin trading platforms are becoming more popular as of late. First Global Credit, the first company bringing mainstream profit opportunities to bitcoin holders, added several dozen new stocks to their platform. All of these stocks are listed on the Hong Kong Stock Exchange. As a result, bitcoin traders can now buy stocks from Chinese companies traded on the HKEX. Bridging the gap between traditional stocks and bitcoin is an excellent way to make cryptocurrency more....
Online retailer Overstock.com has closed the first-ever Series A preferred funding round with shares sold on a blockchain. Of the total $10.9m raised from existing shareholders, about $1.9m was raised via shares traded on the tØ blockchian platform developed by Overstock.com subsidiary Medici. The Series A consisted of 126,565 shares sold on the tØ blockchain platform for $15.68. A separate Series B consisted of 569,333 shares sold using traditional technology. The company had originally set out to raise as much as $30m from selling 2m shares. Shares traded on the blockchain platform....
London-based Bitcoin firm First Global Credits, which enables traders to use cryptocurrency to be used as collateral margin to trade ETFs, stock trades and commodity futures, have reported a record high for Bitcoin margin trading for the month of November. The monthly record high of $12 mln of trading volume dwarfs the previous monthly high set in February 2016 of combined stock, futures and Bitcoin to fiat currency trading on the site which totaled $2.1 mln. First Global Credits launched its investment service in 2014, promising to bridge the gap between cryptocurrencies and global stock....