Cboe Digital has unveiled plans to launch margin
futures for Bitcoin and Ether starting January 11, 2024. This initiative
positions Cboe Digital as the first US-regulated crypto native exchange and
clearinghouse to facilitate spot and leveraged derivatives trading on a unified
platform.
Cboe Digital will facilitate crypto spot and
derivatives markets, backed by 11 firms from the crypto and traditional finance sectors. According to the official
statement from the company, some of the firms include B2C2, Cumberland DRW, and StoneX Financial.
John Palmer, the President of Cboe Digital,
mentioned: “Our upcoming launch of margin futures represents a significant
milestone for Cboe Digital, and we are grateful to have the support of such a
remarkable group of industry partners who share our commitment to building
trusted and transparent crypto markets.”
“Futures have long served as valuable hedging
instruments in the traditional financial markets, and we couldn’t be more
excited to extend access to this tool further into the digital assets markets
and offer margined trading for our customers. We believe derivatives will
foster additional liquidity and hedging opportunities in crypto.”
Initially offering financially settled margined
contracts, Cboe Digital plans to expand its product suite to include physically delivered products, pending regulatory approval. The
launch of margin futures complements Cboe Digital’s existing spot market
offerings, including Bitcoin, Bitcoin Cash, Ether, Litecoin, and USDC.
NEWS: Cboe Digital to Launch Margined Bitcoin #BTC and Ether #ETH Futures on January 11, 2024, Backed by Crypto and Traditional Finance Players
Learn more: https://t.co/AqZHkfep5w
— CboeDigital (@CboeDigital) November 13, 2023
Cboe Expands Offerings Following Strong Quarter
This latest development followed Cboe’s high financial performance during the third quarter. According to a report by Reuters, the
surge in transaction volume, fueled by escalating volatility across various
asset classes, propelled Cboe to beat analysts’ predictions. The company
reported a surge of 14% in revenue for its options segment.
The demand for Cboe’s options products, driven by
investors managing risk in the face of economic uncertainty, translated to a rise of
8% in the total average daily volume for options. This was accompanied by
an increase of 12% in revenue per contract. Cboe’s CEO, Fredric Tomczyk, attributed the positive performance to investors and traders relying on its suite of index options and
volatility products for effective risk management.
Cboe Digital has unveiled plans to launch margin
futures for Bitcoin and Ether starting January 11, 2024. This initiative
positions Cboe Digital as the first US-regulated crypto native exchange and
clearinghouse to facilitate spot and leveraged derivatives trading on a unified
platform.
Cboe Digital will facilitate crypto spot and
derivatives markets, backed by 11 firms from the crypto and traditional finance sectors. According to the official
statement from the company, some of the firms include B2C2, Cumberland DRW, and StoneX Financial.
John Palmer, the President of Cboe Digital,
mentioned: “Our upcoming launch of margin futures represents a significant
milestone for Cboe Digital, and we are grateful to have the support of such a
remarkable group of industry partners who share our commitment to building
trusted and transparent crypto markets.”
“Futures have long served as valuable hedging
instruments in the traditional financial markets, and we couldn’t be more
excited to extend access to this tool further into the digital assets markets
and offer margined trading for our customers. We believe derivatives will
foster additional liquidity and hedging opportunities in crypto.”
Initially offering financially settled margined
contracts, Cboe Digital plans to expand its product suite to include physically delivered products, pending regulatory approval. The
launch of margin futures complements Cboe Digital’s existing spot market
offerings, including Bitcoin, Bitcoin Cash, Ether, Litecoin, and USDC.
NEWS: Cboe Digital to Launch Margined Bitcoin #BTC and Ether #ETH Futures on January 11, 2024, Backed by Crypto and Traditional Finance Players
Learn more: https://t.co/AqZHkfep5w
— CboeDigital (@CboeDigital) November 13, 2023
Cboe Expands Offerings Following Strong Quarter
This latest development followed Cboe’s high financial performance during the third quarter. According to a report by Reuters, the
surge in transaction volume, fueled by escalating volatility across various
asset classes, propelled Cboe to beat analysts’ predictions. The company
reported a surge of 14% in revenue for its options segment.
The demand for Cboe’s options products, driven by
investors managing risk in the face of economic uncertainty, translated to a rise of
8% in the total average daily volume for options. This was accompanied by
an increase of 12% in revenue per contract. Cboe’s CEO, Fredric Tomczyk, attributed the positive performance to investors and traders relying on its suite of index options and
volatility products for effective risk management.
