UK brokerage touts exotic Bitcoin bet to wring income from crypto

London-based Marex Spectron Group is selling a structured product known as an autocallable to people with at least $200,000 to invest, according to a term sheet

Photo: Reuters
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If Bitcoin keeps multiplying in value, autocallable investors don’t get to participate in that upside: they’ll just get their capital back early, plus their coupons | Photo: Reuters

Viren Vaghela & Yakob Peterseil | Bloomberg
As cryptocurrency pushes into mainstream finance and attracts billionaire tycoons, one UK brokerage is offering the merely wealthy a potentially safer way to play Bitcoin. The price: giving up any hope of the kind of stratospheric gains the digital coin is famous for.

London-based Marex Spectron Group is selling a structured product known as an autocallable to people with at least $200,000 to invest, according to a term sheet. If the cryptocurrency stays relatively stable for awhile, Marex claims investors could reap an annualised return of as much as 70 per cent via monthly coupons.

If Bitcoin keeps multiplying in value, autocallable

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First Published: Jan 09 2021 | 12:39 AM IST

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