The London Stock Exchange will begin offering #Bitcoin services.
LSEG joins forces with GFO-X for Bitcoin services.
LCH SA is preparing to introduce DigitalAssetClear.
London's stock exchange has begun preparations to launch Bitcoin products. In addition, subsidiary LCH SA will introduce the DigitalAssetClear initiative.
LSEG, #Bitcoin Preparing to Present Its Products!
As the Bitcoin price continues to trade above $30,000, the management of the London Stock Exchange Group (LSEG) has decided to include Bitcoin futures and options in its offering.
LSEG has joined forces with Global Futures and Options (GFO-X), an institutional-grade digital trading hub focused on cryptocurrency derivatives, to offer the UK's first regulated trading and clearing in #Bitcoin index futures and options derivatives.
According to the description:
“GFO-X is taking the first steps to achieve efficiencies from new technologies within a traditional market structure, with the goal of introducing 24/7 trading to global regulated digital asset markets over time.”
Given that there is still no official regulation of the crypto market in the UK, LCEG's partnership with GFO-X, licensed by the UK Financial Conduct Authority (FCA), aims to add trust to the digital asset derivatives ecosystem and bring crypto together.