Bitcoin

As the <a href="https://finbold.com/category/cryptocurrency-news/" rel="noopener noreferrer nofollow">cryptocurrency industry</a> continues to expand and institutions begin to show increased interest in digital assets such as Bitcoin (<a href="https://finbold.com/cryptocurrency/bitcoin/" rel="noopener noreferrer nofollow">BTC</a>), the management of the London Stock Exchange Group (LSEG) has decided to introduce Bitcoin <a href="https://finbold.com/guide/futures-trading/" rel="noopener noreferrer nofollow">futures</a> and <a href="https://finbold.com/guide/stock-options-definition/" rel="noopener noreferrer nofollow">options</a> into its offering.Indeed, the LSEG has joined forces with the institutional-grade digital trading venue focused on <a href="https://finbold.com/cryptocurrencies/" rel="noopener noreferrer nofollow">cryptocurrency</a> derivatives, Global Futures and Options (GFO-X), to offer Britain’s first <a href="https://finbold.com/category/regulations-news/" rel="noopener noreferrer nofollow">regulated</a> trading and clearing in <a href="https://finbold.com/topic/bitcoin/" rel="noopener noreferrer nofollow">Bitcoin</a> index futures and options <a href="https://finbold.com/guide/derivatives-definition/" rel="noopener noreferrer nofollow">derivatives</a>, as per the <a href="https://www.businesswire.com/news/home/20230413005410/en/GFO-X-Announces-Strategic-Partnership-With-LCH-SA-for-Trading-and-Clearing-of-Bitcoin-Index-Futures-and-Options" rel="noopener noreferrer nofollow">press release</a> published on April 13.According to the statement:<blockquote>“GFO-X is taking the first steps to extracting efficiencies from new <a href="https://finbold.com/category/technology-news/" rel="noopener noreferrer nofollow">technologies</a> within a traditional market structure, with the goal over time of delivering 24/7 trading to global regulated digital asset markets.”</blockquote><h2 id="header-0">Trust in unregulated environment</h2>Considering that there is still no official regulation regarding the <a href="https://finbold.com/guides/cryptocurrency/" rel="noopener noreferrer nofollow">crypto</a> market in the United Kingdom, the LCEG’s partnership with GFO-X, licensed by the UK’s Financial Conduct Authority (<a href="https://finbold.com/topic/fca/" rel="noopener noreferrer nofollow">FCA</a>), seeks to add trust to the digital asset derivatives ecosystem, bringing cryptos one step closer to mainstream <a href="https://finbold.com/guides/" rel="noopener noreferrer nofollow">finance</a>.As part of the project, LSEG’s Paris-based LCH SA clearing unit will introduce DigitalAssetClear, a new, segregated clearing service for cash-settled Bitcoin index derivatives traded on GFO-X. This service will launch in the fourth quarter of 2023 after the completion of LCH SA regulatory approvals.Commenting on the development, Frank Soussan, the Head of LCH DigitalAssetClear, said:<blockquote>“Bitcoin index futures and options are a rapidly growing asset class, with increasing interest among institutional market participants looking for access within a regulated environment they are familiar with. The service is a powerful combination of GFO-X’s high-performance technology and optimized contract specifications with LCH’s proven risk management capabilities.”</blockquote>In February, the British government launched a <a href="https://www.gov.uk/government/consultations/future-financial-services-regulatory-regime-for-cryptoassets" rel="noopener noreferrer nofollow">public consultation</a> on the future <a href="https://finbold.com/guides/" rel="noopener noreferrer nofollow">financial</a> services regulatory regime for cryptocurrencies, as well as the risks and opportunities they present, demonstrating its commitment to turning the UK into a global crypto hub. The consultation will close on April 30, 2023.Read more cryptocurrency news on <a href="https://finbold.com/category/cryptocurrency-news/?utm_source&#61;CMC&amp;utm_medium&#61;social&amp;utm_campaign&#61;CMC&amp;utm_content&#61;long" rel="noopener noreferrer nofollow">Finbold.com</a>.

London Stock Exchange to offer Bitcoin futures and options

목차

Finbold

2023년 4월 13일에 게재된 다른 기사

Hong Kong’s Largest Virtual Bank Starts Crypto to Fiat Services

Amid Damaging Crypto Investment Scheme Shutdowns, TMS Network (TMSN) Shines Bright with $4.0 Mio ...

Bitcoin blasts through $30k barrier; Experts predict what’s next for BTC

March Community update - Gaming Platform!

Hong Kong’s Largest Virtual Bank Starts Crypto to Fiat Services

How Long does it take to mine 1 Bitcoin?

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!