The bitcoin derivatives market is tempting to many. Or rather, the rich commissions that can be made are tempting. The Chicago Mercantile Exchange is already doing its thing, but other major global exchanges are also trying to catch up. The latest news comes from London and the London Stock Exchange, which through its LCH division wants to start offering a clearing service for this type of contract.
No, no direct bitcoin purchases, but it is nonetheless a sign of how deeply $BTC has penetrated even the walls of high finance, the same ones that go hand in hand with the old masters of steam, the same ones that are then mocked on television by the rest of us and you enthusiasts.
Of course, it's not the full Bitcoin package, there won't be an option to buy it directly - something that many other exchanges around the world are setting up instead - but for now we'll have to settle for that. So much for the flowers of economists who talked about a last act for Bitcoin before its natural demise.
Even the London Stock Exchange wants a piece of bitcoin
What's going on in London? It's simple: the local stock exchange, the London Stock Exchange, would like to start offering a clearing service for this type of product through its subsidiary, starting with bitcoin and who knows where next. In fact, if you follow the trajectory of CME's Chicago twin, the next cryptocurrency to come into orbit could be Ethereum.