LCH, clearinghouse arm of LSEGplc, is to clear bitcoin futures and options in a partnership with crypto exchange GFO-X. jackschickler reports
The separate service LCH DigitalAssetClear, part of the company's French arm, will finalize trades made on GFO-X, a UK-regulated digital asset exchange, LCH said.
“Bitcoin index futures and options are a rapidly growing asset class,” Frank Soussan, Head of LCH DigitalAssetClear, said in a statement, citing “increasing interest among institutional market participants looking for access within a regulated environment they are familiar with.” Clearinghouses offer a centralized venue in which to finalize trades that are agreed on an exchange. Since the 2008 financial crisis, they have been favored by regulators as a way to lessen the risk of separate bilateral deals among players such as investment banks.
The move represents the latest foray by traditional finance players into the crypto market. In March, the Stuttgart stock exchange secured a crypto custody license from
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Innovative Eyewear stock soars on heavy volume after unveiling app that enables ChatGPT interfaceShares of Innovative Eyewear Inc. blasted 115.8% higher in active premarket trading Tuesday, after the seller of smart eyewear launched a new Lucyd app that...
Lire la suite »
Tupperware stock plunges after warning it could go out of businessTupperware said it won't have enough cash to fund its operations if it doesn't secure additional money.
Lire la suite »
Tesla Stock Adds $200 Billion To Market Cap In 2023 So FarTesla lost nearly two-thirds of its valuation in 2022, so a boost was needed. The first quarter of 2023 marks the best valuation add yet for the US EV maker.
Lire la suite »
Wells Fargo says investors should expect a 10% stock market correction soon'We are within spitting distance of our 4200 [S&P 500] target and now shifting direction,' wrote Christopher Harvey.
Lire la suite »
LE SSERAFIM Surpasses 1 Million Stock Pre-Orders For 1st Full Album “UNFORGIVEN”LE_SSERAFIM Surpasses 1 Million Stock Pre-Orders For 1st Full Album 'UNFORGIVEN'
Lire la suite »
LIVE STOCK MARKET UPDATES: Bitcoin tops $30K, IMF meetings, Moderna’s flu setbackStocks waffle ahead of Wednesday’s consumer inflation data, bitcoin tops $30,000 level, Moderna shares fall on flu vaccine and the IMF, World Bank kickoff Spring meetings with global economic forecast. FOX Business is providing real-time updates on the markets, commodities and all the most active stocks on the move.
Lire la suite »