GFO-X has presented its cryptographic derivatives platform regulated by the Financial Behavior Authority (FCA), the first commercial place in the United Kingdom for digital assets.
The new platform executed its first operation on Tuesday among the Financial and BMI Virtu Financial Institutions, and was authorized by Digitalassetclear, GFO-X announced Tuesday.
DigitalasSetclear, created by the London Stock Exchange Group (LSEG) LCH subsidiary, is a service for futures and Bitcoin index options in cash.
GFO-X also has the support of the main Banks ABN Amro, Nomura and Standard Chartered, which provide compensation for transactions on the platform.
The United Kingdom FCA raised its 2020 prohibition in cryptographic derivative instruments for institutional investors in March 2024. This was followed by the London Stock Exchange saying that it would accept the request for notes quoted in the stock exchange (ETN).
The GFO-X debut demonstrates the continuous development of the regulated ecosystem of cryptographic trade in the United Kingdom, cryptographic derivation works are also gaining traction worldwide, since Galaxy obtained the approval of the United Kingdom for a license to expand its negotiation of derivatives last month and Coinbase bought an abandonment in an agreement of $ 2.9 billion of thousands of millions this month.
Read more: In a $ 2.9b agreement, Coinbase agrees to buy BREADIT to expand in the US cryptographic options market. UU.
