Close this search box.

Derivatives Unlike Any Before… Launching On 31/05/2021 – Finance and Banking – UK – Mondaq News Alerts

UK: Derivatives Unlike Any Before… Launching On 31/05/2021

To print this article, all you need is to be registered or login on

The CloseCross one-stop shop serving non-custodial and
unleveraged derivatives on crypto, stocks, indexes, commodities,
and forex is opening its doors on May 31st

Derivatives (or as we call it Virtual Prediction Floors) will be
across time horizons of a few hours to months.Eligible traders will
need to simply make the correct predictions of asset prices, at the
specified date and time, to make money without taking on any
leverage at all.

Traders will be engaging with our platform in 3 easy steps as
shown below


Traders will be able to take in the simplicity and intuitive
approach of profiting from asset price movements in any direction
without compromising on theirdeserved returns.The multiparty setup
of CloseCross derivatives (or VPFs) ensure that traders do not need
to take on leverage for potentially outsized returns*

The traders will have many more benefits beyond the simplicity
and ease of use

  • Traders only pay commission on their profitable trades (as low
    as 0.25%). CloseCross has no other hidden charges. No account
    opening fees. No trading fees. No other trading charges.
  • CloseCross derivatives are time incentivized. The earlier the
    trader makes the correct prediction, the higher their profits will
  • CloseCross derivatives are non-custodial, making the traders
    self-sovereign and always in control.
  • CloseCross is a trader-only environment. Traders never go
    against a house or centralized issuer,which has a balance of power
    in its favour and works against the traders.

With CloseCross, traders will be able to regain a level playing
field for the first time.

Moreover, traders will be able to generate a referral network
allowingthem to make as much as 33% of what CloseCross earns from
the people they referred to us.

More information can be found on the CloseCross

*Traders must get their predictions right to generate profits.
Traders will lose 100% of their committed funds if they are
incorrect.Products may vary depending on traders’

The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.

POPULAR ARTICLES ON: Finance and Banking from UK

What’s It Got? It’s Got The Lot!

Boyes Turner

Sometimes a case comes along that has so many issues for consideration you could almost be forgiven for not appreciating that when all said and done the underlying issues in the case…

Regulation Round Up

Proskauer Rose LLP

Welcome to the Regulation Round Up, a regular bulletin highlighting the latest developments in UK and EU financial services regulation.

Interest And Islamic Banking

Middle East Legal Services

In this article we shall attempt to outline the definition of interest, so called( Riba) under the Sharia or Islamic law , followed by a short survey of the laws of some Arab countries which have prohibited or permitted charging interest.