The UK based non-bank issuer has issued another first in the structured products market via a market-neutral strategy on the crypto asset.

Marex Financial Products is pitching clients a cash and carry certificate linked to the price of bitcoin. The new market-neutral arbitrage strategy capitalises on an imbalance in the crypto market “as many investors prefer to buy bitcoin futures rather than physical bitcoin at the spot price”. “Right now, for many [investors], futures are an easier instrument to handle and they also provide a leveraged exposure,” Joost Burgerhout ( pictured ), head of Marex Financial Pro

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