The United Kingdom has launched its first institutional-grade crypto derivatives exchange, named GFO-X, which offers Bitcoin index futures and options trading. This platform is backed by investment firm M&G and has executed its first cleared trade through the London Stock Exchange Group's (LSEG) new clearing house. The launch positions the UK as a growing hub for regulated crypto derivatives trading. Meanwhile, Singapore is aiming to compete with financial centers like London and New York by introducing a new gold contract, signaling increased competition in global commodity and derivatives markets.
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