LSE To Offer Bitcoin Derivatives
As the cryptocurrency industry grows and institutions become more interested in digital assets such as Bitcoin, the London Stock Exchange Group (LSEG) has decided to include Bitcoin futures and options in its offering.
According to a press release issued on April 13, the LSEG has partnered with Global Futures and Options (GFO-X), an institutional-grade digital trading venue focused on cryptocurrency derivatives, to offer Britain’s first regulated trading and clearing in Bitcoin index futures and options derivatives.
According to the statement:
“GFO-X is taking the first steps to extracting efficiencies from new technologies within a traditional market structure, with the goal over time of delivering 24/7 trading to global regulated digital asset markets.”
Considering that there is still no official regulation regarding the crypto market in the United Kingdom, the LCEG’s partnership with GFO-X, licensed by the UK’s Financial Conduct Authority (FCA), seeks to add trust to the digital asset derivatives ecosystem, bringing cryptos one step closer to mainstream finance.
(With inputs from Shikha Singh)
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