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Cboe Digital Launches Margined BTC and Ether Futures

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Cboe Digital Launches Margined BTC and Ether Futures


Cboe Digital has launched margined Bitcoin and Ether
futures. Collaborating with industry giants like Blockfills, DV Trading LLC,
Jump Trading Group, Marex, and Wedbush, Cboe Digital offers spot and leveraged derivatives trading on a single platform.

Following the successful launch of financially
settled margined contracts on Bitcoin and Ether, Cboe Digital aims to expand its product suite to include physically delivered products,
pending regulatory approval. This move complements the platform’s
existing spot market offerings, encompassing a range of cryptocurrencies ,
including Bitcoin, Bitcoin Cash, Ether, Litecoin, and USDC.

John Palmer, the President of Cboe Digital,
mentioned: “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.”

Last November, Cboe Digital unveiled plans to
introduce margin futures for Bitcoin and Ether. The company mentioned that this initiative will enhance crypto trading by combining spot and leveraged derivatives on a single platform.

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Expanding Product Portfolio

This announcement followed Cboe’s impressive
financial performance in the third quarter, where the surge in transaction
volume across asset classes exceeded analysts’ expectations. The demand for
Cboe’s options products, driven by investors managing risk amid economic
uncertainty, resulted in a notable increase in revenue and average daily volume
for options.

Last year, Cboe obtained approval from the US
Commodity Futures Trading Commission to introduce leveraged derivatives on its
digital trading platform, Reuters reported. This regulatory approval allows
traders to engage in crypto futures with reduced upfront collateralized
capital.

This week, the SEC approved 11 Bitcoin Exchange-Traded Funds (ETFs), ushering in a new era for cryptocurrency
investors. These ETFs will be listed on prominent US
stock exchanges, opening the doors for widespread trading accessibility.

The SEC’s approval arrived after rigorous scrutiny of
applications from prominent asset management companies, including ARK
21Shares, Invesco Galaxy, VanEck, WisdomTree, Fidelity, Valkyrie, BlackRock,
Grayscale, Bitwise, Hashdex, and Franklin Templeton.

Cboe Digital has launched margined Bitcoin and Ether
futures. Collaborating with industry giants like Blockfills, DV Trading LLC,
Jump Trading Group, Marex, and Wedbush, Cboe Digital offers spot and leveraged derivatives trading on a single platform.

Following the successful launch of financially
settled margined contracts on Bitcoin and Ether, Cboe Digital aims to expand its product suite to include physically delivered products,
pending regulatory approval. This move complements the platform’s
existing spot market offerings, encompassing a range of cryptocurrencies ,
including Bitcoin, Bitcoin Cash, Ether, Litecoin, and USDC.

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John Palmer, the President of Cboe Digital,
mentioned: “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.”

Last November, Cboe Digital unveiled plans to
introduce margin futures for Bitcoin and Ether. The company mentioned that this initiative will enhance crypto trading by combining spot and leveraged derivatives on a single platform.

READ ALSO:  XRP Price Drop Vs. BTC, ETH: Lawyer Dissects Driving Forces

Expanding Product Portfolio

This announcement followed Cboe’s impressive
financial performance in the third quarter, where the surge in transaction
volume across asset classes exceeded analysts’ expectations. The demand for
Cboe’s options products, driven by investors managing risk amid economic
uncertainty, resulted in a notable increase in revenue and average daily volume
for options.

Last year, Cboe obtained approval from the US
Commodity Futures Trading Commission to introduce leveraged derivatives on its
digital trading platform, Reuters reported. This regulatory approval allows
traders to engage in crypto futures with reduced upfront collateralized
capital.

This week, the SEC approved 11 Bitcoin Exchange-Traded Funds (ETFs), ushering in a new era for cryptocurrency
investors. These ETFs will be listed on prominent US
stock exchanges, opening the doors for widespread trading accessibility.

The SEC’s approval arrived after rigorous scrutiny of
applications from prominent asset management companies, including ARK
21Shares, Invesco Galaxy, VanEck, WisdomTree, Fidelity, Valkyrie, BlackRock,
Grayscale, Bitwise, Hashdex, and Franklin Templeton.


#Cboe #Digital #Launches #Margined #BTC #Ether #Futures

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