LCH SA gains regulatory approval to clear cash-settled Bitcoin index derivatives
Clearing services will be provided for cash-settled Bitcoin derivatives traded on GFO-X through LCH DigitalAssetClear.
Crypto
ESMA publishes first final report under MiCA as it looks to level the playing field for crypto-asset service providers
Simultaneously, the watchdog has launched its third, and final, consultation package under the Markets in Crypto-Assets (MiCA) regulation.
Gemini to pay $21 million following SEC enforcement action
Under the terms of the settlement, the Securities and Exchange Commission (SEC) will not receive any portion of the penalty until payment of all other allowed claims by the bankruptcy court have been completed.
FlexTrade expands access to digital asset liquidity through Coinbase Prime integration
Development will also provide connectivity, consolidated depth of book and order placement within FlexTRADER and FlexONE.
Deutsche Börse launches regulated spot platform for crypto assets targeting institutional clients
Named Deutsche Börse Digital Exchange, the platform will offer a fully regulated ecosystem for trading, settlement and custody of crypto assets.
HSBC and the Bank of East Asia execute first Hong Kong repo trade using digital bonds
The transaction involved using HK$-denominated bonds as collateral from the largest digital bond issuance globally and is expected to help build liquidity for digital bonds.
Digital assets and traditional finance: Can two parallel lanes converge?
As the growth of digital assets continues at a rapid pace, Wesley Bray explores its influence on traditional finance, market structure and trading practices, and looks at what can be learned from the asset class.
GCEX becomes latest member on Crossover Markets venue as part of new institutional spot cryptocurrency trading partnership
GCEX clients will gain access to Crossover’s execution-only crypto electronic communication network (ECN); GCEX will provide brokerage and liquidity services on the platform.
FIX Trading Community set to establish digital assets-focused standards
The objectives for 2024 are three-fold and include: interoperability, regulation and distributed ledger technology application.
UBS launches Hong Kong’s first-ever tokenised warrant on the Ethereum network
New product will utilise the on-chain issuance product framework offered by UBS’ in-house tokensiation service, UBS Tokenize.