Acquisition marks one of the largest in the digital asset world with Ripple set to “inject billions of dollars of capital” as it looks to scale the business.
New solutions are designed to boost investor visibility in digital assets sphere, allowing them to remain compliant with regulation while making better informed decisions.
CME Group and Google Cloud are focused on facilitating “significant efficiencies” as the industry hones in on round-the-clock trading; direct testing with market participants is planned for later this year.
Coinhako will also integrate with TP ICAP’s Fusion Digital Assets, helping to facilitate risk exchange and increase liquidity.
The launch represents the first CME Group cryptocurrency options to be financially settled.
The initiative has been introduced by Mark Uyeda who was appointed acting SEC chair earlier this week by the new US administration.
Market onlookers hailing from DTCC, Lloyds Bank Corporate Markets, and LMAX Group discuss the future of digital assets, including its ever-increasing traction, the importance of transparency, and how both the sell- and buy-side are approaching the technology.
Market commentators from R3, 4OTC, and Devexperts give their insights into how the cryptocurrency situation is set to play out, touching on regulatory decisions still to come, where the key challenges are, and of course the relevance of the recent US election result.
Scheduled to launch in Q1 2025, GFO-X is the UK’s first regulated and centrally cleared trading venue dedicated to digital asset derivatives.
The product will be available from 2 December; exclusively listed and traded on Cboe Options Exchange.