Cryptocurrencies
Virtu, StanChart Join New UK Crypto Derivatives Trading Platform
- GFO-X now expects to launch in first quarter of 2025
- New venue for trading of Bitcoin index futures and options
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Standard Chartered Plc and Virtu Financial Inc. are among large financial companies poised to join a new London-based crypto derivatives venue, as a market rally boosts the appeal of digital currencies.
Trading platform Global Futures and Options Ltd., known as GFO-X, said on Monday that it had also signed up ABN Amro Clearing and market maker IMC, and expects to launch in the first quarter of next year. GFO-X is backed by M&G Investments, the asset management arm of pensions giant M&G Plc.