LCH’s Paris-based clearing house is preparing to start clearing bitcoin futures and options in the fourth quarter of this year, setting up a competitive clash with CME, which currently dominates the space.
If the bitcoin launch is successful, LCH SA business head Frank Soussan says the central counterparty (CCP) would consider clearing similar contracts based on the second largest cryptocurrency – ether – provided the market wanted it, and the proposed product met all internal governance requirements and regulatory approvals.
I would say this is the safest way to enter this space, since it’s in cash-settled instruments
Frank Soussan, LCH SA
The…
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