Netagio, the UK-based digital currency broker, has launched the first British exchange enabling retail customers and institutional investors to trade gold, Bitcoins and GBP on a single peer-to-peer platform.
Customers from 114 countries around the world can now trade each asset class against each other on the exchange.
Netagio’s Bitcoin, gold and sterling exchange is designed for retail customers and institutional investors with an appetite for opportunity. For the first time, customers can build and trade a Bitcoin, gold and GBP portfolio, and trade in and out of Bitcoin vs gold vs GBP positions quickly and easily on a 24×7 basis and from a single account. Customers can send and receive international and domestic payments via the Capital International Group, through one of its underlying companies which is licensed by the Isle of Man Financial Supervision Commission.
Netagio’s exchange builds liquidity by offering a ‘maker-taker’ pricing model, designed to reward liquidity providers.
Netagio’s chief executive Simon Hamblin says: “We have been encouraged by the early and increasing appetite from retail customers and institutional investors. From our conversations, they clearly want to take advantage of the opportunities available from being able to trade between the asset classes on a single continuous exchange, any time of day or night. Concerned about the speed, cost and security implications of sending their transactions abroad, customers clearly wanted a British-based banking relationship, which we can now offer.”
