LCH, the clearing arm of the London Securities and Exchange Group, has announced that it will open trading for Bitcoin.
LCH said it will open swaps for Bitcoin futures and options. The group made the announcement today.
Description of Bitcoin Transactions from the Clearing Arm of the London Stock Exchange
The London Securities and Exchange Group announced today that it will launch trading for Bitcoin. The exchange’s clearing group announced the announcement. According to the statement, futures and options options for Bitcoin will also be available to investors.
LCH, the clearing house division of the London Stock Exchange Group, announced today that it will offer cash clearing services for Bitcoin (BTC) indexed futures and options. LCH DigitalAssetClear, the company’s French subsidiary, will also offer a separate service for trading on GFO-X, a regulated digital asset exchange in the UK.
Frank Soussan, President of LCH DigitalAssetClear, used the following statements in his statement on the subject:
“Bitcoin-indexed futures and options are a rapidly growing asset class. We couldn’t ignore the growing interest among institutional market participants seeking access in a regulated environment.”
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