First Global Credit, a Swiss financial company that offers bitcoin margin trading, is set to add commodity futures to its portfolio of traded-for-bitcoin instruments.

 The financial contracts on such physical commodities as oil, gold or wheat will be available for bitcoin investments from 7 March. First Global Credit claims to be the first company to offer bitcoin users to pay with their cryptocurrency for such financial instruments.

“This will be another first for the digital currency market. We are committed to bringing the same kinds of choices fiat currency investors have to the digital currency marketplace,” says First Global Communications Director Marcie Terman.

The company mentions the growing interest of bitcoin holders to the stocks trading opportunities. In February, First Global Credit hit a fresh three-month high in stock and currency trading on their website. The volume reached $2.2 million, comparing to the previous record of $1.8 million last November.

First Global Credit launched its services in 2014, becoming the first financial company to offer bitcoin holders to use their cryptocurrency for margin trading. Customers deposit bitcoins as collateral margin to secure long or short positions in stock markets. The Switzerland-based company also has offices in Canada and Singapore. In January First Global Credit included shares traded on the London Stock Exchange (LSE) to the range of available equities. The company defines its main goal as to support bitcoin as a viable alternative to fiat currency.  

Elena Platonova