© Reuters
CHICAGO – Cboe Digital, the digital assets arm of Cboe Global Markets (NYSE:), announced the launch of its new margined futures for and Ether, making the company the first regulated native crypto exchange in the US. offering spot and leveraged derivatives trading on a single platform. The inaugural 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. John Palmer, President of Cboe Digital, highlighted the importance of this development for the exchange and clearinghouse, anticipating increased investor demand for derivative products to manage cryptocurrency exposures and improve capital efficiency.
Thomas Texier of Marex and Jake Moore of Toa Capital Group expressed their organizations' support for the initiative, emphasizing the competitive technology and secure access to regulated futures markets that Cboe Digital offers. Wedbush Securities' Bob Fitzsimmons also recognized Cboe Digital's role in fostering a transparent and regulated crypto market.
Cboe Digital's strategy includes plans to expand its product offering to encompass physically delivered products, subject to regulatory approval. The platform design facilitates access to the spot and derivatives markets, with the aim of introducing more innovative offerings to the cryptocurrency sector in the future.
Cboe Global Markets is a leading securities and derivatives 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 registered with the CFTC. However, the CFTC does not supervise spot trading of virtual currencies, and the Cboe Digital 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.
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