London Stock Exchange Group to begin offering access to crypto derivatives Bitcoin derivatives futures
- LCH SA, the European-based arm of the London Clearing House – which is majority owned by the London Stock Exchange Group – has announced that it will begin offering the clearing of Bitcoin index futures and options contracts traded on GFO-X, pending regulatory approval.
The new service will be made available through LCH DigitalAssetClear, a new segregated clearing service developed by the clearing house, the press release announcing the new service said. Bitcoin index futures and options contracts on LCH SA will be cash-settled through LCH DigitalAssetClear and will be based on the GFO-X/Coin Metrics Bitcoin Reference Rate , a benchmark regulation-compliant reference rate of the U.S. dollar price of Bitcoin. This allows firms “to trade futures and options on the Bitcoin reference index directly,” the announcement said.
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