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:
“There is strong demand for product offerings like First Global Credit because corporates and individuals holding bitcoin would like to earn a regular return on their assets. With First Global they can accomplish this without liquidating because when bitcoin becomes usable and viable collateral, investors may earn in two ways – once on the BTC appreciation and once on the chosen stock positions.”
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 and commodities on the stock markets.
The company now plans to provide a futures contracts service to its users. According to Jon Matonis:
“Next week, the company plans to offer trading in standard commodity futures contracts also. Starting with 10 initial futures contracts, including gold and crude oil, First Global will allow bitcoin to be used as margin collateral for a self-defined futures portfolio. Based on specific demand, the available futures contracts will be gradually expanded beyond ten.”