Welcome DT News

  • CONTACT
  • ABOUT US
Deythere
  • Home
  • News
    image 442
    CryptoMarketNewsSponsored Article

    100x Crypto Spotlight: MoonBull Whitelist Opens Early Access as Brett Explodes and Shiba Inu’s Ecosystem Evolves

    Two stories are trending right now in crypto news. First, Brett (BRETT)…

    By
    Benedikt Krüger
    September 18, 2025
    image 440
    CryptoNewsSponsored Article
    Flip Whitelist Access Into Free Money: MoonBull Drops a $15K Giveaway Ahead of the Presale, While Pepe and Mog Coin Rally
    September 17, 2025
    PayPal Expands P2P Payments to Bitcoin, Ethereum, and PYUSD
    NewsCryptoMarket
    PayPal Expands P2P Payments to Bitcoin, Ethereum, and PYUSD
    September 17, 2025
    Binance in Talks With DOJ to Drop $4.3B Settlement Compliance Monitor
    CryptoBinanceMarketNews
    Binance in Talks With DOJ to Drop $4.3B Settlement Compliance Monitor
    September 17, 2025
    Bitwise Stablecoin Tokenization ETF
    NewsCryptoMarket
    Bitwise Stablecoin Tokenization ETF Filing Signals New Era for Digital Assets
    September 17, 2025
  • Cryptocurrency
    image 442
    100x Crypto Spotlight: MoonBull Whitelist Opens Early Access as Brett Explodes and Shiba Inu’s Ecosystem Evolves
    9 Min Read
    image 440
    Flip Whitelist Access Into Free Money: MoonBull Drops a $15K Giveaway Ahead of the Presale, While Pepe and Mog Coin Rally
    10 Min Read
    PayPal Expands P2P Payments to Bitcoin, Ethereum, and PYUSD
    PayPal Expands P2P Payments to Bitcoin, Ethereum, and PYUSD
    7 Min Read
    Binance in Talks With DOJ to Drop $4.3B Settlement Compliance Monitor
    Binance in Talks With DOJ to Drop $4.3B Settlement Compliance Monitor
    8 Min Read
    Bitwise Stablecoin Tokenization ETF
    Bitwise Stablecoin Tokenization ETF Filing Signals New Era for Digital Assets
    6 Min Read
    Coinbase and Ethereum Foundation Help Power Google’s AI Payment Breakthrough
    Coinbase and Ethereum Foundation Help Power Google’s AI Payment Breakthrough
    8 Min Read
    Previous Next
  • Pages
    • Contact Us
    • Customize Interests
    • My Bookmarks
Reading: This New Partnership Could Be the Future of Crypto Derivatives—Find Out Why!
Share

[ccpw id=”7831″]

DeythereDeythere
Font ResizerAa
  • Home
  • Crypto
  • Market
  • News
  • Blockchain
  • Contact
Search
  • Home
  • News
  • Cryptocurrency
  • Pages
    • Contact Us
    • Customize Interests
    • My Bookmarks
Have an existing account? Sign In
Follow US
© DT News. All Rights Reserved.
Deythere > News > Blockchain > This New Partnership Could Be the Future of Crypto Derivatives—Find Out Why!
BlockchainNews

This New Partnership Could Be the Future of Crypto Derivatives—Find Out Why!

This New Partnership Could Be the Future of Crypto Derivatives—Find Out Why!
Standard Chartered and Virtu Financial Team Up for GFO-X Crypto Derivatives Platform
Maxwell Mutuma
Last updated: December 10, 2024 12:02 pm
By
Maxwell Mutuma
Published December 10, 2024
4 Min Read
Share

London-based crypto derivatives trading platform Global Futures and Options Ltd. (GFO-X) has struck key partnerships with major financial institutions such as Standard Chartered Plc (STAN.L) and Virtu Financial Inc (VIRT.O). These collaborations aim to build a regulated platform for institutional investors in the cryptocurrency derivatives market. GFO-X, slated to launch in the first quarter of 2025, is initially scheduled to launch bitcoin index futures and options, with support from financial titans and backing from the U.K. Financial Conduct Authority (FCA).

Contents
  • Standard Chartered Joins GFO-X for Crypto Platform
  • GFO-X Secures FCA Approval and Institutional Backing
  • Institutional Interest in Crypto Soars After U.S. Election

Standard Chartered Joins GFO-X for Crypto Platform

The project aims to meet a rising demand for crypto derivatives trading in the U.K., which will be launched on the platform in 2025. To build that infrastructure, GFO-X is looking to partner with financial institutions like Standard Chartered, Virtu Financial, and more to provide a robust ecosystem for institutional investors to enter and perform their financial transactions. It will offer products such as Bitcoin index futures and options on the exchange, geared for large-scale investors who want to trade safely and transparently.

This New Partnership Could Be the Future of Crypto Derivatives—Find Out Why!

LCH SA, a clearinghouse majority-owned by the London Stock Exchange Group, will clear these products. All trades will be cash-settled and serviced by LCH SA’s specialized DigitalAssetsClear service in a safe and regulated environment.

“GFO-X wants to build a complete ecosystem for digital asset trading, combining traditional financial systems with new blockchain technology,” said the partnership as per the agreement.

GFO-X Secures FCA Approval and Institutional Backing

Since 2022, GFO X has received backing from M&G Investments and gained regulatory approval from the U.K. Financial Conduct Authority (FCA). This approval will help lend credibility to GFO-X’s operations and foster more institutions to its platform. GFO-X’s position in the crypto derivatives market was boosted after LCH SA announced it would clear Bitcoin index futures from April 2024, becoming the first clearing house to clear such instruments.

Standard Chartered and Virtu Financial Team Up for GFO-X Crypto Derivatives Platform

GFO X is one of the few known ones, and the exciting opportunities it presents encourage it. Standard Chartered is one of the largest firms in the field, and it’s particularly excited about the possibilities. LCH SA will join as a general clearing member and support the platform’s derivatives launch with a commitment from the bank. In terms of its expertise in managing crypto liquidity, Virtu Financial, a leading market-making firm, will contribute to providing a smoother path to trading for institutional clients.

 

“We are pleased to support the launch of GFO X derivatives and become a general clearing member on LCH SA to give our clients the ability to trade and clear,” said Andy Ross, global head of prime and financing at Standard Chartered.

This brings credibility to the platform and future potential to reshape institutional engagement with crypto assets.

Institutional Interest in Crypto Soars After U.S. Election

There’s rising institutional interest in cryptocurrencies, and the collaboration of GFO-X, Standard Chartered, and Virtu Financial follows suit. Partly driven by political developments in the United States, the recent rally in digital asset prices has fanned investor optimism. Since the U.S. election, Bitcoin has exploded in value, growing over 40%. 

While the Valley has long been interested in the crypto space, this is the increasing willingness of traditional finance players to engage with the space. As digital assets go mainstream, institutions such as Intesa Sanpaolo and now BlackRock are rapidly setting the pace with activities in digital assets. For instance, BlackRock has been gradually increasing its Bitcoin exposure through a Bitcoin-backed exchange-traded fund (ETF); yet another indication to institutional portfolios, such as Bitcoin, is the growing appeal of cryptocurrencies.

Advertising

For advertising inquiries, please email . [email protected] or Telegram

Binance Opens New Doors for SUI and TURBO Trading!

New Grayscale ETCO ETF Turns Ethereum Volatility Into Regular Cash Flow

Taiwan FSC Requires Board Approval for Bitcoin ETF Investments Amid Rising Global Demand

Popcat’s Lost Its Pounce? This Bull’s Whitelist Is Among the Best Upcoming Cryptos of 2025

Bitcoin Volatility Slows Momentum as Ethereum Eyes Explosive Growth!

TAGGED:Crypto DerivativesStandard CharteredVirtu Financial

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Email Copy Link Print
ByMaxwell Mutuma
Follow:
Maxwell is a crypto-economic analyst and Blockchain enthusiast, passionate about helping people understand the potential of decentralized technology. I write extensively on topics such as blockchain, cryptocurrency, tokens, and more for many publications. My goal is to spread knowledge about this revolutionary technology and its implications for economic freedom and social good.
Previous Article showcasing corporate and national adoption of Bitcoin. The image features a glowing Bitcoin coin prominentl Genius Group Expands Bitcoin Holdings: A Bold Strategy
Next Article showcasing Tethers USDT adoption milestone. The image features a glowing USDT coin at the center surrounded Tether’s USDT Hits Record Adoption with Over 109 Million Wallets
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Subscribe to our newslettern

Get Newest Articles Instantly!

Popular News
crypto 2024
Crypto Derivatives Market Heats Up as Innovative Products Emerge
crypto approval
Blockchain Revolutionizes Energy Markets with Decentralized Trading Platforms
crypto news
Cutting-Edge Mining Technologies Drive Efficiency in Cryptocurrency Production
crypto 2024 1200x720
Decentralized Identity Emerges as a Catalyst for Data Privacy Renaissance
space
Tech Giant Announces Breakthrough in Quantum Computing
worldwide protest
Worldwide Protests Demand Action on Climate Change
global
Global Economic Forecast Reveals Slow Recovery Post-Pandemic
solar power
Revolutionary Solar Power Technology Unveiled

Follow Us on Socials

We use social media to react to breaking news, update supporters and share information

Twitter Youtube Telegram Linkedin
Deythere

DT News influence 20 million users and is the number one business blockchain and crypto news network on the planet.

Subscribe to our newsletter

You can be the first to find out the latest news and tips about trading, markets...

Menu

  • Home
  • News
© DT News. All Rights Reserved.
Banner 1
Banner 2
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?

  • English