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UK’s FCA Greenlights Crypto Derivatives as Institutional Platform GFO-X Goes Live
UK’s FCA Greenlights Crypto Derivatives as Institutional Platform GFO-X Goes Live
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Wall Street’s favorite casino game comes to crypto—with regulators’ blessing. The UK’s Financial Conduct Authority (FCA) just approved derivatives trading on GFO-X, a new institutional-grade platform. Finally, hedge funds can lose money on leveraged Bitcoin bets with proper paperwork.
Why it matters: This isn’t your cousin’s Binance account. GFO-X offers physically settled contracts with LCH SA clearing—the same infrastructure behind traditional markets. Translation: big players now have a ’respectable’ way to speculate.
The catch? While the FCA rubber-stamps the venue, it still warns retail investors that crypto derivatives are ’akin to gambling.’ But for institutions? Roll the dice—just use our approved table.
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