The London Stock Exchange Group plans to begin clearing crypto derivatives, joining the battle among the world’s big exchanges to grab a slice of rising institutional demand to trade digital assets.
The UK group will use the Paris arm of its clearing subsidiary, LCH, to manage the risks on bitcoin futures and options traded on GFO-X, a UK regulated marketplace, the company said on Thursday.
Its move comes in spite of waves of bankruptcies among crypto companies, sharp declines in the prices of tokens and a series of enforcement actions by US regulators. In the past three months the price of bitcoin has climbed more than 50 per cent, outstripping the performance of many other markets.
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