Cboe Digital To Launch Margined Bitcoin And Ether Futures On January 11, 2024, Backed By Crypto And Traditional Finance Players
Portfolio Pulse from Benzinga Newsdesk
Cboe Digital announced it will launch margined Bitcoin and Ether futures on January 11, 2024, becoming the first U.S. regulated crypto native exchange and clearinghouse to offer spot and leveraged derivatives trading on a single platform. Supported by firms from both crypto and traditional finance sectors, the launch aims to provide capital efficiency and operational benefits. Cboe Digital will initially offer financially settled contracts, with plans for physically delivered products pending regulatory approval.
November 13, 2023 | 3:12 pm
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Cboe Global Markets, Inc. is set to launch margined Bitcoin and Ether futures through its Cboe Digital platform, potentially increasing its product offerings and attracting more customers interested in cryptocurrency derivatives.
The launch of margined futures for Bitcoin and Ether by Cboe Digital is a significant expansion of Cboe Global Markets' product offerings. This move is likely to attract new customers and increase trading volume, which could positively impact Cboe's stock price in the short term. The backing by major firms in both the crypto and traditional finance sectors further supports the potential success of this initiative.
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