gfo-x

ChainCatcher news, according to Decrypt, the cryptocurrency derivatives trading platform GFO-X, authorized by the UK's Financial Conduct Authority (FCA), has officially launched in the UK, offering centrally cleared Bitcoin futures and options trading services. The platform aims to meet the demand of 90% of institutional investors who are currently unable to participate in the digital asset space due to regulatory or market structure issues.GFO-X CEO Arnab Sen revealed that dozens of top-tier institutions and banks, including Nomura Securities, are in the onboarding process, and the platform has completed its first institutional trade between Virtu Financial and IMC.

ChainCatcher news, according to Bloomberg, large financial companies such as Standard Chartered Bank and Virtu Financial Inc. are preparing to join a new cryptocurrency derivatives trading platform in London.The trading platform Global Futures and Options Ltd. (referred to as GFO-X) announced on Monday that it has signed agreements with ABN Amro Clearing and market maker IMC, and it expects to launch in the first quarter of next year. GFO-X is supported by M&G Investments (the asset management division of pension giant M&G Plc).GFO-X will handle trading of Bitcoin index futures and options, initially planned to go live by the end of 2023, but it failed to launch on schedule due to two delays. The trading on GFO-X will be cleared by LCH SA, which is owned by the London Stock Exchange Group.

ChainCatcher news, UK digital asset exchange GFO-X has completed a $30 million Series B funding round, led by M&G Investments, which will join the board of Global Futures and Options (GFO) Holdings. This round of financing will fund GFO-X's upcoming products.