BCB Group, a cryptocurrency broker, has started offering brokerage services to institutional clients who need OTC best execution for their own accounts and wish to offer cryptocurrency products and services to their own clients. The prime brokerage solution is aimed at investment managers and hedge funds, including cryptocurrency funds, private banks, family offices and wealth managers.
BCB Group’s service enables institutions to offer their investors access to cryptocurrencies across the spectrum of the asset class. The prime broker aims to provide seamless infrastructure covering onboarding, execution, settlement, reporting and custodianship of cryptocurrencies.
The prime broker currently facilitates buying and selling some of the well known cryptocurrencies such as Bitcoin, Ethereum, Litecoin, Bitcoin Cash and Ripple XRP. Through BAB’strading platform, trades are brokered through wholesale exchanges, principal and agency OTC desks, and BCB Group’s own client order book.
Trades are settled bi-directionally and natively in GBP, EUR, USD, CHF, ZAR and in 18 other currencies.
About BCB Group
Building on the success and technology of retail platform BitcoinBro, and responding to institutional demand for operational best practice in the cryptocurrency market, BCB Group was founded in the UK and developed to encompass key relationships within the UK, Swiss and South African banking communities. BCB Group is well positioned as one of the first onshore natively GBP, ZAR and CHF business-banked cryptocurrency trading services globally.
BCB Group ensures full coverage governance and reporting, a complete KYC and AML policy, and appropriate risk and liquidity management, alongside maintaining ongoing dialogue with regulators and relationships with reputable liquidity providers. BCB Group has pledged to give 1% of net annual profits to charity.
The crypto broker has regular dialogue with regulatory bodies, including the FCA (UK), FINMA (Switzerland) and SARB (South Africa), to closely follow developments in the regulatory environment. While this asset class remains largely unregulated, the broker shadows existing regulations applicable to traditional asset classes.
