Crypto Trading Firm B2C2 Launches Crypto’s First Non-Deliverable Forward

Posted on by American Coins & Gold

Crypto Trading Firm B2C2 Launches Crypto’s First Non-Deliverable Forward
B2C2, a crypto liquidity provider and over-the-counter trader, said Wednesday it conducted its first transaction of a non-deliverable forward (NDF) – a type of financial contract that’s common in foreign-exchange markets – with trading firm QCP Capital.These types of trades could help traditional financial institutions to enter the burgeoning cryptocurrency market, according to the press release from London-based B2C2 and Singapore-based QCP.“Unlike a deliverable forward, an NDF provides exposure to the underlying asset without the need to take physical delivery,” the companies said. The underlying asset in the transaction was bitcoin (BTC), denominated in U.S. dollars. The size of the…