London metal exchange GFG has announced plans to open a second Bitcoin exchange.
The announcement comes as part of a series of changes to the exchange’s trading platforms that will be rolled out by the end of June.
“We are excited to announce the launch of a new Bitcoin exchange for trading metal in London,” said Paul Goss, Chief Executive Officer of GFG.
“GFG is delighted to be working with the world’s leading metal exchange to bring this innovative new service to our customers.”
“We believe that trading metal is a valuable and essential service for the market.
We are thrilled to be able to introduce our new Bitcoin Exchange to the market and look forward to further investments in our new exchange platform.”
A spokesperson for the exchange declined to comment further.
The launch of the new exchange will mark a significant milestone for the London metal market, with many metal traders in the capital seeing the rise of the digital currency as a potential way to diversify their investment portfolio.
“With our launch of GGSX, we aim to provide the most secure, transparent and efficient service available for our clients,” said Ian Smith, Chief Commercial Officer at GFG, in a statement.
“As we are proud to be one of the first metal exchanges in the world to launch a Bitcoin exchange, we look forward with great optimism to continuing to serve our customers and offer the highest level of customer service.”
GGSG is one of several London metal exchanges to launch Bitcoin trading services, including one called GGSEX.
GGSEx is one part of the London Metal Exchange network, which is expected to grow to over 40 exchanges in 2018.