The UK-based digital currency broker Netagio has announced the launch of a new peer-to-peer exchange platform that allows retail customers and institutional investors to trade bitcoins with gold and sterling.
The platform will allow customers from 114 different countries to use a single account to trade each asset class against each other, 24 hours a day. By directing funds through the British banking system, says Natagio, payments are fast and cost-effective. The exchange also offers a “maker-taker” pricing model that is designed to enhance liquidity, and complies with standards set by the European Payment Services Directive, anti-money laundering (AML) rules, and “Know Your Customer” (KYC) checks. Earlier this year, Netagio began offering free offline storage vaults for bitcoins and high security storage vaults for physical gold.
“We have been encouraged by the early and increasing appetite from retail customers and institutional investors,” said Simon Hamblin, CEO of Netagio. “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 now offer.”