Today France-based LCH SA announced it will provide central clearing services for Bitcoin index futures and options traded on GFO-X, a UK-regulated digital asset exchange. It expects to start in Q4 2023, subject to regulatory approval. LCH is the world’s largest derivatives clearing house and a subsidiary of the London Stock Exchange.
The derivatives will be cash settled. LCH says it is fully segregating LCH DigitalAssetClear, including a separate default fund.
‘Bitcoin index futures and options are a rapidly growing asset class, with increasing interest among institutional market participants looking for access within a regulated environment they are familiar with,” said Frank Soussan, Head of LCH DigitalAssetClear.
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