The UK has taken a major step towards mainstream adoption of digital assets with the launch of GFO-X, London’s first regulated and centrally cleared cryptocurrency derivatives trading platform.
Backed by FTSE 100 asset manager M&G and authorised by the Financial Conduct Authority (FCA), GFO-X will offer institutional investors access to bitcoin index futures and options. The first trade on the new venue was scheduled for Tuesday, marking a landmark moment in the evolution of Britain’s financial markets.
The platform, which describes itself as “institutional-grade”, is partnered with clearing giant LCH — part of the London Stock Exchange Group — which will provide clearing services through its newly developed DigitalAssetClear service.
GFO-X chief executive Arnab Sen said the launch was “a further foundational step toward increased institutional digital asset derivatives trading, providing the infrastructure, central clearing, robust risk mitigation and liquidity”.
The platform has already attracted major institutional partners, including FTSE 100 bank Standard Chartered and market-makers IMC and Virtu Financial, signalling growing confidence in regulated access to the crypto market.
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