Cboe Digital Capitalizes on Crypto ETF Wave: Launches Margined Bitcoin and Ether Futures

Friday, 12/01/2024 | 17:59 GMT by Jared Kirui
  • The platform has partnered with Blockfills, DV Trading LLC, and Jump Trading Group, among other firms.
  • Cboe Digital will facilitate spot and leverage derivatives trading.
cboe logo

Cboe Digital has launched margined Bitcoin and Ether futures. Collaborating with industry giants like Blockfills, DV Trading LLC, Jump Trading Group, Marex, and Wedbush, Cboe Digital offers spot and leveraged derivatives trading on a single platform.

Following the successful launch of financially settled margined contracts on Bitcoin and Ether, Cboe Digital aims to expand its product suite to include physically delivered products, pending regulatory approval. This move complements the platform's existing spot market offerings, encompassing a range of cryptocurrencies , including Bitcoin, Bitcoin Cash, Ether, Litecoin, and USDC.

Cboe Digital's Unified Platform

John Palmer, the President of Cboe Digital, mentioned: "The future of crypto is at an exciting juncture, and as more investors look to participate in this asset class, we expect to see greater demand for derivatives to help manage their crypto exposures, hedge risk and enhance capital and operational efficiencies."

Last November, Cboe Digital unveiled plans to introduce margin futures for Bitcoin and Ether. The company mentioned that this initiative will enhance crypto trading by combining spot and leveraged derivatives on a single platform.

Expanding Product Portfolio

This announcement followed Cboe's impressive financial performance in the third quarter, where the surge in transaction volume across asset classes exceeded analysts' expectations. The demand for Cboe's options products, driven by investors managing risk amid economic uncertainty, resulted in a notable increase in revenue and average daily volume for options.

Last year, Cboe obtained approval from the US Commodity Futures Trading Commission to introduce leveraged derivatives on its digital trading platform, Reuters reported. This regulatory approval allows traders to engage in crypto futures with reduced upfront collateralized capital.

This week, the SEC approved 11 Bitcoin Exchange-Traded Funds (ETFs), ushering in a new era for cryptocurrency investors. These ETFs will be listed on prominent US stock exchanges, opening the doors for widespread trading accessibility.

The SEC's approval arrived after rigorous scrutiny of applications from prominent asset management companies, including ARK 21Shares, Invesco Galaxy, VanEck, WisdomTree, Fidelity, Valkyrie, BlackRock, Grayscale, Bitwise, Hashdex, and Franklin Templeton.

Cboe Digital has launched margined Bitcoin and Ether futures. Collaborating with industry giants like Blockfills, DV Trading LLC, Jump Trading Group, Marex, and Wedbush, Cboe Digital offers spot and leveraged derivatives trading on a single platform.

Following the successful launch of financially settled margined contracts on Bitcoin and Ether, Cboe Digital aims to expand its product suite to include physically delivered products, pending regulatory approval. This move complements the platform's existing spot market offerings, encompassing a range of cryptocurrencies , including Bitcoin, Bitcoin Cash, Ether, Litecoin, and USDC.

Cboe Digital's Unified Platform

John Palmer, the President of Cboe Digital, mentioned: "The future of crypto is at an exciting juncture, and as more investors look to participate in this asset class, we expect to see greater demand for derivatives to help manage their crypto exposures, hedge risk and enhance capital and operational efficiencies."

Last November, Cboe Digital unveiled plans to introduce margin futures for Bitcoin and Ether. The company mentioned that this initiative will enhance crypto trading by combining spot and leveraged derivatives on a single platform.

Expanding Product Portfolio

This announcement followed Cboe's impressive financial performance in the third quarter, where the surge in transaction volume across asset classes exceeded analysts' expectations. The demand for Cboe's options products, driven by investors managing risk amid economic uncertainty, resulted in a notable increase in revenue and average daily volume for options.

Last year, Cboe obtained approval from the US Commodity Futures Trading Commission to introduce leveraged derivatives on its digital trading platform, Reuters reported. This regulatory approval allows traders to engage in crypto futures with reduced upfront collateralized capital.

This week, the SEC approved 11 Bitcoin Exchange-Traded Funds (ETFs), ushering in a new era for cryptocurrency investors. These ETFs will be listed on prominent US stock exchanges, opening the doors for widespread trading accessibility.

The SEC's approval arrived after rigorous scrutiny of applications from prominent asset management companies, including ARK 21Shares, Invesco Galaxy, VanEck, WisdomTree, Fidelity, Valkyrie, BlackRock, Grayscale, Bitwise, Hashdex, and Franklin Templeton.

About the Author: Jared Kirui
Jared Kirui
  • 1508 Articles
  • 24 Followers
About the Author: Jared Kirui
Jared is an experienced financial journalist passionate about all things forex and CFDs.
  • 1508 Articles
  • 24 Followers

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