Bitcoin Platform First Global Credit to Issue Shares on London Stock Exchange

Bitcoin margin trading platform First Global Credit has announced that it will be expanding its share capital by issuing shares on the London Stock Exchange (LSE).

The trading platform, which reportedly handles about $2 million in stock trading per month, is also the first and most important company to use Bitcoin as margin for traditional stock trading. This means that traders do not need to sell their Bitcoin shares; instead, they can use them as margin to secure their positions in stocks and exchange-traded funds (ETFs).

First Global Credit’s latest stock market picks include some of the most popular stocks traded on the LSE. They are Barclays, Vodafone, Telecom Plus and many others – all traded with Bitcoin as margin. Prior to this announcement, the platform had already launched stocks in the United States, Russia, China and Mexico.

" The best way to serve our clients is to give them choice," said Marcie Terman, head of First Global Communications . "We have issued stocks in the technology, entertainment, Internet and health care sectors, and while we have issued some ETFs to meet the growth demand in places like Brazil, Russia, China and Mexico, until now this option has been limited to the U.S. market. "

She added: “ First Global has operations on every continent (except Antarctica) and we plan to make the shares available for trading globally, starting with the UK where our client base is concentrated.”

Making Bitcoin more productive

First Global Credit also stressed that they attach great importance to making Bitcoin more productive in traditional financial markets. The platform talked about the Currency Switch service, which allows traders to move their Bitcoin margin to an inaccessible location without closing their stock positions. Terman said that it is difficult to find a way to turn Bitcoin into a productive asset, while First Global Credit 's traders, on the other hand, are very good at this because they will "extract profits from their capital in two ways."

All in all, First Global Credit ’s equity expansion plan seems to be well-timed , considering the current normalcy of the stock and Bitcoin markets . The platform will eventually provide additional opportunities for traders who want to profit from short selling stocks and Bitcoin.

"First Global Credit (FGC) is expanding its trading options," Terman said.