CHICAGO – January 12, 2024 – Cboe Digital announced it successfully launched margined Bitcoin and Ether futures and completed its first margined Bitcoin futures trade. With support from Blockfills, DV Trading LLC, Jump Trading Group, Marex, Toa Capital Partners and Wedbush in executing these trades, Cboe Digital becomes the first U.S. regulated crypto native exchange and clearinghouse to offer both spot and leveraged derivatives trading on a single platform.
“As an exchange and clearinghouse, this is a significant milestone for Cboe Digital and its vision to unify the crypto spot and futures market,” said John Palmer, President of Cboe Digital. “The future of crypto is at an exciting juncture 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 enhance capital and operational efficiencies. We are grateful for the hard work from our intermediaries, partners and team members that got us here and look forward to continuing working with them to help drive the market’s growth.”
“We believe transparent and U.S. regulated markets drive customer demand for these products and Marex was keen to support its customers from the outset,” said Thomas Texier, Head of Clearing at Marex. “Cboe Digital’s margin futures launch will help bring competitive technology and innovative solutions to the crypto spot and leveraged derivatives markets.’
“As a market maker with industry leading risk controls, we are pleased to be working with a high-quality exchange such as Cboe Digital whose focus is to enable broader institutional participation and adoption of cryptocurrencies,” said Jake Moore of Toa Capital Group. “Cboe Digital’s offer in providing secure access to regulated futures markets is key to maturing this nascent asset class.”
“Cboe Digital has been influential in helping facilitate the creation of a transparent well-regulated crypto spot and derivatives market,” said Bob Fitzsimmons at Wedbush Securities. “We look forward to continued collaboration in this market and congratulate Cboe Digital on this exciting next step.”
Following its launch of financially settled margined contracts on Bitcoin and Ether, Cboe Digital plans to expand its product suite to include physically delivered products, pending regulatory approval. Significantly, Cboe Digital’s unified spot and derivatives trading platform is designed to allow customers to easily access both markets. Operating this integral exchange and clearinghouse model also enables Cboe Digital to potentially bring more unique and groundbreaking offerings to the crypto markets.
For more information about the new margined Bitcoin and Ether futures, visit Cboe Digital’s website here.
