The Pan-European Clearing House Cboe Clear Europe has announced the extension of clearing services to include products negotiated by encryption (ETPS) after recent approval of regulations.
Etps eligible for liquidation should meet specific criteria based on market capitalization and the underlying availability of assets and product types, including Bitcoin, Ethereum, Tether, XRP and BNB. CBOE CLEAR Europe has said that she will now work with places that list these eligible products and look forward to sharing go-live dates in due time.
Vikesh Patel, president of CBOE Clear Europe, said,
“We are excited to broaden our liquidation capabilities to cover ETPs supported by encryption, signaling another milestone in our mission to become a top category of multiple assets in Europe.
About Cboe Clear Europe
The Cboe Clear Europe is a leading pan -European central counterparty (CCP) and provides safe and effective liquidation and settlement services across Europe. CCPS provides protection in both parties in a trade, providing each party that the trade will be installed at the agreed price if a party is deficient. CBOE CLEAR EUROPE is the most connected CCP in Europe-offering clearing services in 46 trading spaces-and is approved for clearing the shares of the cash, the receipts of the guardians, the ETFs and the derivatives (future deduction contracts) and the savings).
The company allows the liquidation of the participants to manage the credit risk of their counterparty and also to maximize business efficiency through automated processing and network opportunities. Based in Amsterdam, Cboe Clear Europe is regulated by De Nederlandsche Bank and Autoriteit Financiële Markten. It is entirely belonging to the world markets on the CBOE.