A new bitcoin derivatives trading platform called Crypto Facilities has launched in London, backed by a pair of co-founders with longtime experience in the City’s traditional financial markets.
Crypto Facilities currently lets customers trade just one instrument, a forward contract on the bitcoin price. It currently offers the contract with three expiry dates. A trader can lock in the price of a bitcoin by selling or shorting a forward.
The platform’s pedigreed co-founders are Timo Schlaefer, a former executive director at Goldman Sachs in London that worked on credit quantitative modelling, and Jean-Christophe Laruelle, who formerly built trading platform systems for BNP Paribas and Societe Generale.
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