The rise in Bitcoin was supported by a news from the UK, which aims to become a global center in the crypto money industry.
The London Stock Exchange Group (LSEg) said today that it will offer Bitcoin index futures and options derivatives trading and clearing services within 2023, Reuters reported.
LSE, which will offer its users the option to invest in Bitcoin, stated that it has partnered with digital trading platform Global Futures and Options (GFO-X) for this service.
BTC futures and options trading is expected to start in Q4 2023.
It is stated that the clearing service is currently awaiting approval from French and European Union regulators.
Arnab Sen, CEO and co-founder of GFO-X, said:
“Recent events in the cryptocurrency industry have highlighted the need for large financial institutions to have a secure, regulated venue where their clients can trade on a large scale while protecting their assets.
In this context, GFO-X is taking the first steps to gain efficiencies from new technologies within a traditional market structure, with the goal of providing 24/7 trading to globally regulated digital asset markets.”
LSE rival CME Group already offers Bitcoin futures and options.
