LSEG partners with digital trading platform to offer bitcoin derivatives

Launch in Q4

Valeria Martinez
clock • 1 min read

The London Stock Exchange Group is venturing into the world of crypto derivatives with a partnership with Global Futures and Options (GFO-X), which will offer the UK's first regulated trading and clearing in bitcoin index futures and options derivatives.

GFO-X, which is regulated by the Financial Conduct Authority, is a centrally cleared trading venue dedicated to digital asset derivatives aimed at global institutional investors. The companies said on Thursday (13 April) that LCH SA, an LSEG business, will introduce a new, segregated clearing service called DigitalAssetClear for cash-settled bitcoin index derivatives traded on GFO-X. The launch is currently scheduled for Q4 2023, subject to regulatory approvals.  Treasury sets out plans to regulate crypto GFO-X and LCH SA have been working with an advisory working group comprising ...

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