First Global Credit, the leading provider of stock trading using Bitcoin as collateral, today announced that from Tuesday 19th January customers will have the ability to trade UK stocks on their platform.
“The First Global Credit proposition is unique in the Bitcoin Capital Market ecosystem” stated Marcie Terman, Communication Director. “with First Global Credit customers can use their bitcoin as security to open up positions based upon US and now UK stocks. First Global Credit finance that position in fiat currency and, when the position is closed, any profits or losses are immediately swept back into Bitcoin and added to the customers account”.
To open up their UK stock offering First Global Credit are introducing trading on a number of investment and speculative favourites including:
ARM Holdings (ARM)
Barclays Bank (BARC)
Betfair Group (BET)
BP Group (BP.)
KAZ Minerals (KAZ)
Telecom Plus (TEP)
“As with our popular US Stock offering”, continued Terman, “we will add to this trade-able list based upon requests and demand from our customers”.
Commission on UK stock trades is 0.1% and the financing rate is 8% for the first 3 months, 2% over BOE Base Rate thereafter.