LMAX Group and SIX Group to launch Bitcoin and Ethereum futures

The institutional-focused Bitcoin exchange LMAX, in partnership with SIX Group, the operator of the Swiss stock exchange, will launch cash-settled futures on Bitcoin and Ethereum in the third quarter.

We’re delighted to announce that we have partnered with @sixgroup to launch 24/7 traded, centrally cleared USD settled crypto futures. #cryptofutures #Bitcoin #Ethereum
Full announcement here: https://t.co/KuV6fC1ud9 pic.twitter.com/3HbcRUzYrr

— LMAX Group (@LMAX) March 17, 2022

\n\n\n\n

US-dollar-denominated instruments are subject to approval by FINMA.

\n\n\n\n

Trading is expected to run 23 hours a day, five days a week. Later, trading will switch to a 24/7 regime, and the number of supported underlying assets will expand.

\n\n\n\n

\”The decision will close the gap, meeting the needs of an increasingly large number of institutional participants,\” said LMAX CEO David Mercer.

\n\n\n\n

In March Coinbase introduced a strategy to develop its derivatives-related subsidiary.

\n\n\n\n

In August 2021, FTX.US acquired the cryptocurrency derivatives exchange LedgerX with a DCM license.

\n\n\n\n

In December last year, the cryptocurrency platform Crypto.com entered into an agreement to acquire the CFTC-regulated Nadex.

\n\n\n\n

Subscribe to ForkLog news on Telegram: ForkLog Feed — the full news feed, ForkLog — the most important news, infographics and opinions