WDX Organisation, the company behind the Wocu, or world currency unit, has announced that the new Navitas electronic exchange intends to price marine fuel (also known as bunker fuel) in the synthetic currency, as well as USD, from the second quarter of this year. The marine fuel market is around 200 million metric tonnes a year globally, valued at approximately $100 billion (or 60 billion Wocu) per year.
The Wocu is a synthetic basket of the currencies of the 20 largest countries by GDP.
Access intelligence that drives action
To unlock this research, enter your email to log in or enquire about access
