Cboe Digital’s Margined BTC and ETH Futures Launch on January 11, 2024


482 Listen to this article Strategic Partnerships Cboe Digital has enlisted the support of industry heavyweights, including B2C2, Cumberland, Jump […]

Latest News

Listen to this article

Strategic Partnerships

Cboe Digital has enlisted the support of industry heavyweights, including B2C2, Cumberland, Jump Trading, Marex, and Wedbush, among others, to bolster the launch of margin futures for two of the most prominent cryptocurrencies.

A Milestone Achievement

In a groundbreaking move, Cboe Digital aims to become the first U.S. regulated cryptocurrency exchange and clearinghouse to offer both spot and leveraged derivatives trading on a single, integrated platform. This initiative signifies a pivotal moment in the evolution of cryptocurrency markets.

Broader Vision

Looking ahead, Cboe Digital envisions expanding its cryptocurrency derivatives suite by introducing “physically delivered products” at a later date, pending regulatory approvals. The company already facilitates spot futures trading for a range of cryptocurrencies, including Bitcoin, Bitcoin Cash, Ethereum, Litecoin, and USDC.

John Palmer, President of Cboe Digital, expressed confidence in the move, stating,

We believe derivatives will foster additional liquidity and hedging opportunities in crypto and represent the next critical step in this market’s continued growth.

Industry Support for Cboe’s Vision

A consortium of leading crypto trading firms, including B2C2, BlockFills, CQG, Cumberland DRW, Jump Trading Group, Marex, StoneX Financial, Talos, tastytrade, Trading Technologies, and Wedbush, has thrown its weight behind Cboe’s endeavor. The collective belief is that Cboe Digital’s secure access to regulated futures markets is pivotal in maturing the cryptocurrency asset class and encouraging broader institutional participation.

Read Also:  Gemini, Genesis, and DCG Facing Civil Fraud Allegations

Chris Zuehlke, Global Head of Cumberland DRW, emphasized the importance of Cboe Digital’s initiative, stating,

Cboe Digital’s offer in providing secure access to regulated futures markets is key to maturing this nascent asset class and enabling broader institutional participation.

Anticipating Market Impact

As Cboe Digital prepares for the much-anticipated launch, industry observers are keenly watching for the potential impact of margined Bitcoin and Ether futures on the cryptocurrency market. Increased liquidity and enhanced hedging opportunities are expected, aligning with the broader trend of traditional financial institutions embracing the dynamic landscape of digital assets.

For the Latest Crypto News follow the Coinography and Subscribe our YouTube channel or follow us on social media platforms like Twitter, Facebook, Instagram and LinkedIn.

0 0 votes
Article Rating
Notify of
Inline Feedbacks
View all comments

Get Latest Updates

Latest News

Web Stories

Latest News

Would love your thoughts, please comment.x
Scroll to Top
Bitcoin ETFs Surge as Investors Seek Exposure Coinbase, Andreessen Horowitz, and Ripple have joined forces to fund a new crypto DMM Bitcoin Hit by $305M Hack Ripple Releases 1 Billion XRP Tokens What to Expect from Bitcoin’s Price Rally in H2 2024 Trump’s MAGA Coin Soars 7% While Biden Parody Sinks Amid Ex-President’s Trial — NFTs Hold Steady Analyst Warns About Dogecoin Decline CME Denies Solana Futures Plans Amid Growing Rumors Can PEPE flip Polygon? Market cap race heats up! Why Bitcoin Price Is Down Today? Cristiano Ronaldo Launches 4th NFT Collection on Binance Amid $1B Lawsuit Coinbase Alleges SEC Dodging Howey Test in New Appeal Ethereum ETFs Granted Official Approval by SEC Crypto Whale Splurges $10.4 Million on Meme Coin PEPE SOL Price Nearing Support as On-Chain Activity Dips for Solana Penguiana Meme Coin’s Presale Achieves Success, Raising 290 SOL Solana to Bitcoin Bridge, Zeus Network, Set for Debut in Q3 2024 DeFi Lending Leader Aave Unveils V4 Protocol Overhaul MicroStrategy (MSTR) Incurs Losses in Q1 After Digital Asset Impairment Takes Toll Upbit Emerges as Top Five Crypto Exchange, Posing Challenge to Binance, Coinbase