Oliver von Landsberg-Sadie, whose cryptocurrency brokerage BCB Group is among the hundreds of companies based at Level 39 a tech start-up hub in London’s Canary Wharf, said that from last October business was “off the charts” with crypto start-ups springing up.
“There are several clues telling us the market may be bottoming here,” said Jon Cotton, chief strategist at BCB Group, a cryptocurrency prime brokerage in London. “The fact that many other digital currencies have recently suffered worse selloffs could allow bitcoin to regain its market dominance and pull away from the pack,” he added.
As Bitcoin continues its recent rally, Jon Cotton (pictured), Head Strategist at global cryptocurrency prime brokerage BCB Group, has commented on why this latest move may point to a sustained move upwards for the currency in the medium-term.
In essence, GlobalBlock acts like a stockbroker, enabling investors to purchase tokens easily using Fiat currencies. Through its joint venture with liquidity provider BCB Group, it can receive Fiat in GBP, USD or EUR.