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The UK's first FCA-regulated crypto assets derivatives trading platform GFO-X is launched in London.
According to Mars Finance, GFO-X company has announced the launch of its cryptocurrency derivatives trading platform in London, regulated by the UK's Financial Conduct Authority (FCA). This is the first such digital asset trading venue in the UK. The platform completed its first transaction this Tuesday (May 13), with the trading parties being financial institutions Virtu Financial and IMC, and the clearing services provided by DigitalAssetClear. The launch of the platform follows the UK's FCA lifting the ban on institutional investors engaging in cryptocurrency derivatives trading in March 2024 and has received support from major banks to provide clearing services. (CoinDesk)