Cu Coin is backed by copper stored in our facilities. Speculators can use it to profit from price fluctuations, physical traders can use it to source their supply, and industries can easily hedge their raw material costs and outsource storage. Cu Coin represents an electronic warehouse receipt exchangeable for “1 kg of Grade A Copper Cathodes” stored at a BMC warehouse. Warehouse receipts are documents that provide proof of ownership of a commodity stored in a warehouse or vault. Ownership of the underlying asset is transferred together with the transferal of the receipt to a new holder.