© Reuters
CHICAGO – Cboe Digital, the digital asset arm of Cboe Global Markets (NYSE:), announced the launch of its new margin futures for and Ether, marking the company as the first U.S.-regulated native crypto exchange to offer both Spot and leveraged derivatives trading offers a single platform. The initial trades 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. Cboe Digital President John Palmer highlighted the importance of this development for the exchange and clearinghouse, anticipating increased investor demand for derivative products to manage crypto exposures and improve capital efficiency.
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 offers. Bob Fitzsimmons of Wedbush Securities also acknowledged Cboe Digital's role in promoting a transparent and regulated crypto market.
Cboe Digital's strategy includes plans to expand its product offering to include physically delivered products, subject to regulatory approval. The platform's design facilitates easy access to spot and derivatives markets and aims to introduce more groundbreaking offerings to the crypto sector in the future.
Cboe Global Markets is a leading derivatives and securities exchange network operating in North America, Europe and Asia Pacific, 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 oversee spot market trading in virtual currencies, and Cboe Digital's spot market is not subject to CFTC rules or regulations. The spot market operates in New York under a “BitLicense” issued by the New York State Department of Financial Services.
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