• The London Stock Exchange Group (LSEG) has joined hands with Global Futures and Options (GFO-X) to give the U.K. access to regulated trading and clearing in both bitcoin index futures and options.
• The U.K. is beginning to change its attitude towards the world of digital assets, recently voicing its desire to serve as a major bitcoin and blockchain hub of the world.
• GFO-X explained in a statement that their goal is over time of delivering 24/7 trading to global regulated digital asset markets.
U.K Paving Way for Bitcoin Futures Options
The London Stock Exchange Group (LSEG) has partnered with Global Futures and Options (GFO-X) in order to provide the United Kingdom with access to regulated trading and clearing services for both bitcoin index futures and options. This marks a significant shift in attitude from the U.K., who had originally announced plans to ban all bitcoin ATMs due to concerns regarding fraud within the sector.
U.K Changing Attitude Towards Crypto
The U.K.’s new Prime Minister, Boris Johnson, has expressed his desire for the country to become an international leader when it comes to innovation within crypto assets, which has led many observers to believe that Britain could soon become one of Europe’s foremost hubs for digital currency activity – showing a marked shift from its previous stance on cryptocurrency activities such as Bitcoin ATMs being banned due to fears surrounding fraudulent activities taking place via these machines earlier this year..
Digital Asset Clear Product
In addition to regulated trading and futures services, LSEG are also planning on releasing a product known as Digital Asset Clear, which will enable cash-settled dollar-denominated digital asset trading through GFO-X once European Union officials sign off on it later this year during Q4 2023.
CME Group & Bitcoin Futures Trading
Products such as these are nothing new given organizations such as CME Group based out of Chicago offering bitcoin futures trading solutions for some time now; however, it is encouraging news that further institutions are gradually beginning to recognize the potential benefits associated with introducing more comprehensive options into their platforms when it comes down to cryptocurrency investment opportunities within their given areas or jurisdictions .
The introduction of these new services should help propel cryptocurrencies even further into mainstream adoption whilst providing investors greater safety nets against potentially malicious activity taking place in the space by having more reliable means of regulation available at their disposal when engaging in such activities