CHICAGO – January 12, 2024 – Cboe Digital announced that it has successfully launched margin Bitcoin and Ether futures and completed its first margin Bitcoin futures trade. With support from Blockfills, DV Trading LLC, Jump Trading Group, Marex, Toa Capital Partners and Wedbush in executing these trades, Cboe Digital becomes the first U.S. regulated crypto-native exchange and clearinghouse offering both spot and leveraged -Offers derivatives trading on a single platform.
“As an exchange and clearinghouse, this is a significant milestone for Cboe Digital and its vision to unify the crypto spot and futures markets,” said John Palmer, President of Cboe Digital. “The future of cryptocurrencies is at an exciting time, and as more investors look to participate in this asset class, we expect greater demand for derivatives to manage their cryptocurrency exposures, hedge risk, and improve capital and operational efficiency.” We are grateful to our agents, partners and team members for the hard work that got us here and look forward to continuing to work with them to drive the growth of the market.”
“We believe that transparent and US-regulated markets drive customer demand for these products, and Marex has been keen to support its customers from the start,” said Thomas Texier, Head of Clearing at Marex. “Cboe Digital’s launch of margin futures will help bring competitive technology and innovative solutions to the crypto spot and leveraged derivatives markets.”
“As a market maker with industry-leading risk controls, we are pleased to partner with a high-quality exchange like Cboe Digital, whose focus is on enabling broader institutional participation and adoption of cryptocurrencies,” said Jake Moore of Toa Capital Group. “Cboe Digital’s offering of secure access to regulated futures markets is key to the maturation of this emerging asset class.”
“Cboe Digital has been instrumental in enabling the creation of a transparent, well-regulated crypto spot and derivatives market,” said Bob Fitzsimmons of Wedbush Securities. “We look forward to continued collaboration in this market and congratulate Cboe Digital on this exciting next step.”
After launching financially settled margin contracts for Bitcoin and Ether, Cboe Digital plans to expand its product range to include physically delivered products pending regulatory approval. Significantly, Cboe Digital's unified spot and derivatives trading platform is designed to provide customers with easy access to both markets. Operating this integrated exchange and clearinghouse model also allows Cboe Digital to potentially bring more unique and disruptive offerings to the crypto markets.
For more information on the new margined Bitcoin and Ether futures, visit the Cboe Digital website here.
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