UK's first FCA-regulated cryptocurrency derivatives trading platform GFO-X launched in London

Odaily News GFO-X announced the launch of its FCA-regulated cryptocurrency derivatives trading platform in London. This is the first digital asset trading venue of its kind in the UK. The platform completed its first transaction on Tuesday (May 13), with financial institutions Virtu Financial and IMC as the two parties, and clearing services provided by DigitalAssetClear. The launch of the platform follows the UK FCA's lifting of the ban on institutional investors trading cryptocurrency derivatives in March 2024, and has received support from major banks to provide clearing services. (CoinDesk)