Cboe Digital has announced that it has successfully launched Bitcoin and Ether futures and completed its first margined Bitcoin futures contract.
With the support of Blockfills, DV Trading LLC, Jump Trading Group, Marex, Toa Capital Partners and Wedbush to execute these trades, Cboe Digital becomes the first regulated native crypto exchange and clearinghouse in the US to offer spot and leveraged derivatives trading on a single platform.
“As an exchange and clearinghouse, this is an important milestone for Cboe Digital and its vision to unify the spot and futures crypto market,” said John Palmer, President of Cboe Digital. “The future of cryptocurrency is at an exciting time, and as more investors look to participate in this asset class, we expect to see greater demand for derivatives to help manage their crypto exposures, hedge risk and improve capital and operational efficiency. We are grateful for the hard work from our brokers, partners and team members that got us here and look forward to continuing to work with them to help grow the market.”
Following the launch of financially settled contracts of margin in Bitcoin and Ether, Cboe Digital plans to expand its product suite to include physically delivered products, pending regulatory approval.
Cboe Digital’s unified spot and derivatives trading platform is designed to allow clients to easily access both markets. Operating this integrated exchange and clearing model also allows Cboe Digital to potentially bring more unique and innovative offerings to the crypto markets.