The Cboe exchange is about to support BTC and ETH futures contracts with margin
Cboe’s new move comes as many Wall Street giants are starting to reopen their doors to cryptocurrencies. The Cboe exchange is about to support BTC and ETH futur...
Cboe’s new move comes as many Wall Street giants are starting to reopen their doors to cryptocurrencies.
The Cboe exchange is about to support BTC and ETH futures contracts with margin. Photo: Il Blocco
According to a notice published on November 13 (US time), the Chicago Board Options Exchange (Cboe), the leading options exchange in the US, said it will support Bitcoin (BTC) and Ethereum (BTC) futures contracts ( ETH) in escrow starting from January 2024.
Cboe announced that it will become the first licensed trading platform in the United States to combine trading and settlement operations for leveraged cryptocurrency futures trading products.
Cboe Digital today announced plans to launch margin futures trading and clearing on Bitcoin and Ether, effective January 11, 2024. Cboe Digital will become the first regulated crypto-native combined exchange and clearinghouse in the United States to allow both spot and leveraged derivatives…
— Wu Blockchain (@WuBlockchain) November 13, 2023
The exchange is expected to receive support from market makers including B2C2, BlockFills, CQG, Cumberland DRW, Jump Trading Group, Marex, StoneX Financial, Talos, gustosotrade, Trading Technologies and Wedbush for the above new product.
Currently, Cboe supports futures trading for BTC, ETH, BCH, LTC, and USDC.
The exchange also said it will introduce additional futures derivatives products with transfer of real cryptocurrencies upon expiration, but is awaiting approval from regulators.
John Palmer, president of Cboe Digital, said:
“We believe derivatives will bring additional liquidity and hedging investments to the cryptocurrency sector, representing the next evolution of the industry.”
In addition to Cboe, several Wall Street giants have recently made moves to get back into the cryptocurrency space, including efforts to create an ETF. including BlackRock, VanEck, Bitwise, WisdomTree, Valkyrie, Fidelity, Invesco, ARK Invest, Global X, Hashdex, Franklin Templeton, and Grayscale.
Coinlive compiled
Join the discussion on the hottest issues in the DeFi market in the chat group Coinlive Chats Let’s join the administrators of Coinlive!!!
More From Crypto News
Bitcoin Drops $7,000 in Three Days: Market Correction
Bitcoin dropped nearly $7,000 in three days, sliding from a rejection near $87,000 to a Thursday low of $80,400, as a convergence of government wallet moves, ET...
Bitcoin and XRP Dominate Solana Spot ETFs
Bitcoin (BTC) and XRP are pulling ahead of Solana and other assets in the spot ETF race, with institutional appetite concentrated firmly in the two largest-cap...
Samsung-Solana Partnership Targets 82M Galaxy Devices
Flash update: Samsung is reportedly weighing a partnership that could place native Solana stablecoin transfers inside its Galaxy device ecosystem. The report re...
US Moves $1B+ in Seized Bitfinex Bitcoin to Unknown Wallet
The US government has moved over $1 billion in Bitcoin seized from the 2016 Bitfinex hack to an unknown wallet, in one of the largest single transfers of govern...
12,267 BTC Worth $1B Move From US Government Wallet as Bitcoin Slides
Galaxy Research flagged an on-chain movement of 12,267 BTC, valued at roughly $1 billion, from a wallet identified as US government-controlled, as Bitcoin regis...
Bitcoin Falls Below $81K as Crypto Liquidations Hit $480M
Bitcoin fell below $81,000 as the broader crypto market absorbed $480 million in liquidations within a single hour, marking one of the sharpest short-term delev...
