©Reuters.
CHICAGO – Cboe Digital, the digital assets arm of Cboe Global Markets, announced the launch of its new margined futures contracts for Bitcoin and Ether, marking the company as the first regulated native crypto exchange in the United States to offer both spot trading and leveraged derivatives trading on one platform. The inaugural transactions were supported by industry partners including Blockfills, DV Trading LLC, Jump Trading Group, Marex, Toa Capital Partners and Wedbush.
The launch represents an important step for Cboe Digital in its goal to unify the fragmented crypto spot and futures markets. John Palmer, president of Cboe Digital, highlighted the importance of this development for the exchange and clearing house, anticipating increased investor demand for derivatives products to manage crypto exposures and improve trading efficiency. capital.
Thomas Texier of Marex and Jake Moore of Toa Capital Group expressed their organizations’ support for the initiative, highlighting the competitive technology and secure access to regulated futures markets that Cboe Digital provides. Bob Fitzsimmons of Wedbush Securities also recognized Cboe Digital’s role in promoting a transparent and regulated crypto market.
Cboe Digital’s strategy includes expanding its product offering to encompass physically delivered products, subject to regulatory approval. The platform design facilitates access to spot and derivatives markets, aiming to introduce more revolutionary offerings to the crypto sector in the future.
Cboe Global Markets is a leading derivatives and securities trading network operating in North America, Europe and the Asia-Pacific region, offering a range of trading solutions and products.
The information in this article is based on a press release from Cboe Digital. The Company’s futures products are available through Cboe Digital Exchange, LLC, and Cboe Clear Digital, LLC, both of which are registered with the CFTC. However, the CFTC does not supervise spot market trading of virtual currencies, and Cboe Digital’s spot market is not covered by CFTC rules or regulations. The Spot Market operates in New York under a “BitLicense” granted by the New York State Department of Financial Services.
This article was generated and translated with the help of AI and reviewed by an editor. For more information, see our T&Cs.