LCH SA, a global clearinghouse, has announced that it will offer clearing services for Bitcoin index derivatives on GFO-X, a digital trading platform that provides institutional investors with access to various asset classes, including cryptocurrencies.
This move will allow for the clearing of Bitcoin index futures and options contracts, creating a trusted and regulated environment in which investors can trade. LCH SA’s expertise in risk management and clearing will ensure the integrity and stability of the market.
“Bitcoin index futures and options are a rapidly growing asset class…Offering centralised clearing for these cash-settled dollar-denominated crypto derivatives contracts on GFO-X is an important development for the market,” said Frank Soussan, Head of LCH DigitalAssetClear. “The service is a powerful combination of GFO-X’s high-performance technology and optimised contract specifications with LCH’s proven risk management capabilities. We look forward to working with GFO-X and market participants alike to build a liquid, regulated market place for these products, and contributing to its safe growth and development.”
The partnership between LCH SA and GFO-X is an important development in the growth of the Bitcoin derivatives market. By providing a regulated and secure environment for institutional investors to participate in the cryptocurrency market, LCH SA and GFO-X are helping to bring cryptocurrencies closer to mainstream financial markets.
Read more here – https://www.lch.com/resources/press-releases/lch-sa-provide-clearing-services-bitcoin-index-derivatives-gfo-x
