Financial services firm Marex has become the newest member of LCH’s clearing platform, DigitalAssetClear. It joins a roster of three other institutional clearing members that have already integrated with the platform.
The other institutional members are ABN AMRO Clearing Bank, Nomura, and Standard Chartered.
LCH describes DigitalAssetClear as a “fully regulated, segregated clearing service for cash-settled Bitcoin index futures and options contracts”. The futures and contracts are specifically traded on, or reported to, the Global Futures and Options Exchange (GFO-X), the first centrally cleared trading venue in the UK regulated by the Financial Conduct Authority (FCA). Its focus is on digital asset derivatives for institutional clients.
LCH states in a LinkedIn post that Marex’s integration marks a “milestone in building a robust and liquid market for cleared digital asset derivatives”.
