First Global Credit launches radical new service that turns the risk of Bitcoin volatility into a profit opportunity.
Downward moves in the price of Bitcoin doesn’t have to cause big losses to those bullish on the digital currency. At least not for customers of First Global Credit’s ‘Bitcoin as collateral’ stock trading services who now have the option of using their new Currency Switch Service to move that collateral into one of four Fiat currencies (USD, EUR, GBP of CHF.) This means shrewd investors can hold onto their profitable stock market trades while moving their margin capital into fiat currency, buying back their Bitcoins at a more advantageous price later on.
First Global Credit clients are really using the value of their Bitcoins in 2 ways at the same time, maximizing the asset’s potential. The stock or commodity positions the customer holds do not need to be closed to perform the Currency Switch; the existing trades will just now be secured by the Fiat currency in the account instead of Bitcoins. When the trader feels the moment is right they can switch back into Bitcoins at the current rate. A modest transaction commission of 0.1 percent is charged if the trader is a price maker; placing an offer above the market or a bid below the market, or 0.2% if the order is ‘at market,’ wherever the market is currently trading.
Bitcoin’s price has recently been subject to substantial volatility and has at times in the last few weeks lost or gained as much as 20% of its value in a single day. This can expose those holding Bitcoins to considerable risk if they can’t divest themselves quickly enough to protect their portfolio’s value.
“The Currency Switch Service provides a benefit over other Bitcoin Exchanges by allowing our customers to actively trade both stocks and Bitcoin movements with the same collateral, doubling their opportunities and increasing the potential for portfolio growth,” stated Marcie Terman, Communications Director at First Global Credit. “This service supports both customers that want to enhance their returns and customers that are concerned about short term exposure to Bitcoin’s price fluctuations.”
About First Global Credit
First Global Credit is the world’s first Finance Company 100% focused on digital currency products. The company has been founded by financial service professionals with 35 years’ collective industry experience. The objective, to help our customers maximize the potential derived from their investment in the digital currency markets. To deliver those services with a stability and reliability not generally found in digital currency focused companies. We are committed to assisting our customers achieve their economic objectives and to do this our systems have been built using enterprise level technology and security. Our processes are designed to assure the privacy of our customers alongside the security of their assets. The company is committed to developing a stable and secure digital currency capital market; to provide an environment which will prove fairer, more accessible, and less costly for the public to transact business than existing banks and financial institutions.