Tickmill, Gold to Bitcoin
Five Days a Week
Back in 2014 when now-CEO Duncan Anderson and his company were beginning their run, bitcoin was something of a curiosity.
Mr. Anderson took part in an online discussion, “What are the Future Bitcoin Battlegrounds?”
The idea was to war-game bitcoin, using hive mind commenting, to try and figure out where it was headed.
Tickmill’s CEO weighed-in on the ramifications for banking and their near-universal government regulations regarding Know Your Client. Identification laws, Mr. Anderson commented, might go against the very nature of bitcoin.
He ended his thoughts, “I’m sure there’s something in this Bitcoin thing for bankers somewhere.”
That “something” might be his company’s latest offering, available to retail and institutional investors alike.
This year has seen its share of Forex brokerage houses speculating on bitcoin in response to price spikes. Easy Markets, registered in Cyprus and Australia, jumped-in to bitcoin a few months earlier. It offers trades for as low as 100 USD, and even published an ebook to help traders better understand bitcoin.
All cryptocurrencies brought to market are by way of CFDs.
Bitcoin, of course, never closes.
“Considering the volatility in the Bitcoin market,” the article warns, “clients could be dealing with large gaps at the market open every week.”
What do you think? Are Forex OTC CFDs good for bitcoin? Is there danger in traders never holding bitcoin, only looking at its price? Tell us in the comments below.
Images courtesy of: worldoftanki and BankNXT
At Bitcoin.com there’s a bunch of free helpful services. For instance, have you seen our Tools page? You can even lookup the exchange rate for a transaction in the past. Or calculate the value of your current holdings. Or create a paper wallet. And much more.