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Britain Pension Fund M &G Sponsors Cryptocurrency Derivatives Platform GFO – X


GFO – X (Global Futures and Options) which is a digital assets trading exchange announced today that a Britain pension fund, M&G Investment has led in an investment of a $30 million funding prior to its launch.

The Global Futures and Options (GFO-X) has the United Kingdom’s Financial Conduct Authority license for international institutional investors.

As a result, it can trade digital assets futures as well as options which will be cleared at the LSE (London Stock Exchange) Group’s Paris clearing branch LCH SA.

READ ALSO:Binance.US Lawyer Makes Daring Request To Stop SEC Fraud Investigation

Quick Takes

  • The M&G Investments provided majority of the current $30 million funding round is a branch of the M&G Plc, and as a result, will occupy a position within the GFO-X Holdings board.
  • According to the statement of GFO-X, this latest tactical investment will fund the platform through is upcoming launch.
  • Moreover, the funding round will support the future innovation within the regulated digital assets space, while it also improves trust and credibility within the market.
  • In a statement, Jeremy Punnett, M&G portfolio manager said that lack of a regulated trading sites is materially limiting the development of the cryptocurrency derivatives trading market.

What’s Happening In Crypto Today?

As at the time of this writing, Bitcoin is trading at $42,357.27, with a drop in market cap by 3.19%, and an increase in trading volume by 85.97%.

On the other hand, Ethereum is at this moment changing hands at $2,246.07, while it sees a decline in market cap of 3.97% and an increase in trading volume by 57.67%.

  • Meanwhile, USDC is at the moment trading at $1.00, while it records a drop in market volume of 0.45% and an increase in trading volume of 54.47%.
  • Cardano on its side is presently trading at $0.5541, while it records a decline in market cap of 6.83% and a decline also in trading volume of 26.25%.
  • Dogecoin on the other hand is at this moment selling at $0.09858, with a drop in market cap by 0.04% and an increase in trading volume by90.90%.





























































































































































































































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