GCEX begins offering Bitcoin and Ether options to professional clients

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GCEX has begun offering Bitcoin and Ether over-the-counter options to professional and institutional clients, with trading conducted through its FCA-authorised UK entity, GC Exchange Limited. The contracts are European-style call and put options traded on a quote basis, with monthly expiries and fiat settlement, and positions displayed on XplorPortal; eligible hedge funds, asset managers and family offices can request quotes from the trading desk. UK retail investors cannot purchase them because the FCA has prohibited the sale of crypto derivatives to them since 2021.