GFO-X launched its crypto-classical derivative platform of financial driving (FCA), the first place of negotiation of these digital assets of the United Kingdom.
The new platform has executed its first trade on Tuesday between Virtu Financial and BMI financial institutions, and was deleted by DigitalassetClear, GFO-X announced on Tuesday.
DigitalassetClear, created by the subsidiary of London Stock Exchange Group (LSEG) LCH, is a service for term contracts and Bitcoin Bitcoin index.
GFO-X is also supported by the large Banks Abn Amro, Nomura and Standard Charterd, which provide transactions on the platform.
The FCA of the United Kingdom raised its 2020 ban on crypto derivative instruments for institutional investors in March 2024. This was followed by the London Stock Exchange saying that it would accept the request for negotiated tickets in exchange for cryptocurrency (etns).
The beginnings of GFO-X demonstrate the current development of the crypto trading ecosystem regulated in the United Kingdom, the gaming derivatives of crypto also gain ground on a global scale, because Galaxy obtained approval in the United Kingdom for a license to extend its commercial derivatives last month and Coinbase bought drip in a case of 2.9 billion dollars earlier this dollars earlier this month.
Read more: In the agreement of $ 2.9 billion, Coinbase agrees to buy drunken to enlarge the American market of Crypto options
