London Stock Exchange Group gets into crypto derivatives

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City AM

By Louis van Boxel-Woolf The London Stock Exchange Group (LSEG) is set to offer a regulated platform for trading crypto derivatives, the company announced today. LSEG said the platform would be run by LCH, its French clearing arm, and GFO-X, a marketplace for digital assets, which is regulated by the Financial Conduct Authority. Their joint venture will be called LCH DigitalAsset Clear. Derivatives allow investors to speculate on the price movements of underlying assets without owning the asset itself. Asset managers and traders have turned to bitcoin derivatives in recent years because of reg…

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