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FinTecBuzz

StoneX Executes First Bitcoin Cash-Settled Swap

Crypto Currencies

StoneX Executes First Bitcoin Cash-Settled Swap

May 18, 20224 min

StoneX Markets LLC (the “Company”), a subsidiary of StoneX Group Inc. (“StoneX”), a leading provider of execution, post-trade settlement, clearing and custody services across asset classes and markets worldwide, today announced that it successfully executed and settled its first cash-settled BTC/USD swap. The counterparty to the trade was one of StoneX’s institutional FX clients, Liquidity Solutions Global, the London-based subsidiary of DriveWealth Holdings and a liquidity provider to multiple cryptocurrency venues. The Company’s institutional FX division made USD cash-settled...

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