First Global Credit Announces Interest Payments on Collateral Accounts

First Global Credit, the leading provider of Stock Trading using Bitcoin as collateral announced that it is to start paying interest on all customer accounts exceeding 10 BTC.

The move comes as many exchanges are suffering from declining swap rates on BTC deposits. “By offering our customers a simple method to use their collateral to trade stocks and also receive interest on that collateral is quite unique” explained CEO Gavin Smith, “on most exchanges you can either trade the bitcoin OR use it to make leveraged trades, this limitation is in place because the bitcoin cannot be used to both trade and deposit. because deposited bitcoins on our platform are used solely for collateral, they are not used to actually purchase the underlying stocks we have the flexibility to allow our customers to both invest in stocks with the money and also generate a small excess return.”

For further information contact First Global Credit on +41 225182 436

About Sean Williams 109 Articles
I'm markets editor and journalist for DFN. I've been involved with crypto for over 4 years and am an enthusiastic advocate. At DFN I try and combine my knowledge of markets with my knowledge of crypto to give a good overview of changes in the financial aspects of cryptocurrencies.

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