Bitcoin Collateral Trading Platform First Global Credit Reaches Major Milestones

Over the years, many companies have been trying to use Bitcoin as a collateral for trading.  Not many of those companies have succeeded, as there is quite a technological hurdle to overcome.  Plus, there is not a huge demand for such a service either.  First Global Credit is dedicated to creating a capital market for Bitcoins.

First Global Credit Increasing the Value of Investment Portfolios

The main reason why a company such as First Global Credit has been eyeing Bitcoin is because the staff running this platform recognized the value of this disruptive digital currency.  Because of that, the company will empower their clients to use Bitcoin in the same way as they would fiat currency, with the goal of increasing the investment portfolio value.

In order to make Bitcoin as useable as fiat currency in the trading world, First Global Credit offers a variety of services to portfolio holders.  Not only do customers have trading services and debt instruments at their disposal, but there are also interest bearing accounts, merchant services, currency exchanges and even manager direct funds.

Relationships with digital currency business communities are not easy to come by, which is why First Global Credit actively seeks new partners around the clock.  On the other hand, one does not simply just become an investor, either.  An NDA has to be signed before access is given to the business plan or slide deck.

However, there is another way to gain access to the First Global Credit platform.  On July 22nd, the company will host another of their trading competitions.  The winner of this competition will receive a Live Trading account, topped up with 20 BC worth of trading power to use at their leisure.

Significant Milestones Reached

In June of this year, First Global Credit reached not one, but two major milestones.  First of all, the number of registered users on the platform  surpassed the 1,000 mark, reaching 1,006. Furthermore, the trading volume on the website has increased significantly, with over US$500,000 worth of stocks changing hands in one month.

“We have seen a recent uptick in new registrations.  Many of these new users have joined the service and are immediately shorting stock markets and individual stocks.  This bias seems to have been increasing as the Greek Debt crisis has intensified”. Marcie Terman, FGC Communications Director, told DigitalMoneyTimes.

Source: Press Release via Email

Images courtesy of First Global Credit and Shutterstock