TechFlow news, December 9 — According to Bloomberg, Standard Chartered and high-frequency trading giant Virtu Financial will join London's new crypto derivatives trading platform GFO-X. Backed by M&G Investments, the asset management arm of pension giant M&G Plc, the platform will focus on bitcoin index futures and options trading.
According to GFO-X’s latest announcement, ABN Amro Group’s clearing division and market maker IMC have also signed on. Originally slated for launch by the end of 2023, the platform has been delayed twice and is now expected to officially launch in the first quarter of 2025. GFO-X CEO Arnab Sen said traditional financial institutions’ interest in the platform has significantly rebounded, driven by the crypto market rally sparked by speculation around Trump’s potential return to the White House.
