UK Crypto Derivatives Ban Seen Having Limited Effect on Small Market
While U.K. people can still trade the real cryptocurrencies, there might be some traders who will look for to skirt the guidelines by trading on overseas exchanges.” Those still eager on trading crypto derivatives will simply discover methods to open accounts in untouched areas,”Don Guo, CEO of Broctagon Fintech Group, informed CoinDesk in an e-mail.”Few U.K.-based retail financiers trade crypto acquired items straight, according to Sui Chung, CEO of CF Benchmarks, which supplies rate indexes to exchanges consisting of Chicago-based CME Group.Instead, they generally go through so-called agreement for distinction (CFD)service providers, Chung stated.
