- Cboe Digital announced today plans to initiate trading and clearing in margin futures on Bitcoin
and Ether starting from January 11, 2024.
- Cboe Digital will initially offer financially settled margin contracts on Bitcoin and Ether, with plans to later expand its product suite to include physically delivered products.
- Cboe Digital’s integrated spot and derivative trading platform will provide easy access to both markets for customers, creating opportunities for additional capital and operational efficiencies.
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Cboe Digital announces it is gearing up to offer Bitcoin and Ethereum services in the US: Launch date and all other details!
CBOE is Preparing to Serve Bitcoin and Ethereum
Cboe Digital has announced its readiness to offer Bitcoin and Ethereum services in the U.S., with plans to commence trading and clearing in margin futures on January 11, 2024. With this launch, Cboe Digital will become the first regulated crypto platform in the U.S. to serve as a unified exchange and clearinghouse offering both spot and leveraged derivative trading.
Committed to bringing trust, transparency, and responsible innovation to crypto spot and derivative markets, Cboe Digital employs a model that includes brokers, separates roles to prevent conflicts of interest, and utilizes an integrated exchange-clearinghouse model with the potential to offer more unique and groundbreaking products in 2024.
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Cboe Digital will initially provide financially settled margin contracts on Bitcoin and Ether and later plans to expand its product suite to include physically delivered products, subject to regulatory approvals. The margin model aims to provide greater capital efficiency by allowing customers to trade futures without posting full collateral upfront, compared to trading futures on a non-margin basis.
John Palmer, President of Cboe Digital, stated, “The upcoming launch of margin futures represents a significant milestone for Cboe Digital, and we are grateful for the support of such a notable group of industry partners who share our commitment to creating reliable and transparent crypto markets.” He added:
“Futures have long served as valuable risk management tools in traditional financial markets, and we couldn’t be more excited to expand access to this tool to digital asset markets and offer margin trading to our customers. We believe derivatives will enhance additional liquidity and represent the next critical step in securing and sustaining the growth of the crypto market.”
Supporters of Cboe Digital
Significantly, Cboe Digital’s unified spot and derivative trading platform will provide customers with easy access to both markets, creating opportunities for additional capital and operational efficiencies. The planned launch of margin futures by Cboe Digital will be supported by leading firms in the crypto and traditional finance markets, including B2C2, BlockFills, CQG, Cumberland DRW, Jump Trading Group, Marex, StoneX Financial, Talos, tastytrade, Trading Technologies, and Wedbush.
Cboe Digital’s planned launch of margin futures for Bitcoin and Ether will complement its existing offerings of spot crypto market trading for Bitcoin, Bitcoin Cash, Ether, Litecoin, and USDC. Contract margin requirements for new futures will be published daily on Cboe Digital’s website, and standardized portfolio analysis risk-compliant risk parameter files will be available daily for replicating margin calculations.