Good new for Bitcoin and futures traders alike! Straits Financial LLC, announced currently it will be a initial U.S. formed Futures Commission Merchant (“FCM”) to implement a services of bitcoin remuneration processor BitPay Inc. and digital bank WB21 Ltd. This will concede business to modify bitcoin to account their Straits investment and trade accounts.
Headquartered in Singapore, Straits is a boutique brokerage residence that offers a full spectrum of derivatives and OTC products, including trade facilitation for earthy commodities. Its US auxiliary is a full Clearing Member of a Chicago Mercantile Exchange (CME), Chicago Board of Trade (CBOT), New York Mercantile Exchange (NYMEX), a Commodity Exchange (COMEX), CME Clearport, Dubai Mercantile Exchange (DME), New Zealand Exchange (NZX). The WB21 and BitPay services will concede bitcoin users to rest on Straits’ infrastructure to trade and conduct risk in a multi-trillion dollar line markets in products such as energy, changed and bottom metals, rural line and batch indexes.
Straits Financial LLC President Joseph Mazurek remarks: “This is a good subsequent step for Straits and a industry. BitPay and WB21 will assistance business to simply modify their bitcoin land into currencies that can be used to