Cboe Digital Launches Margin Futures on Bitcoin and Ethereum
If you’re into cryptocurrency trading, you’ll be interested to know that Cboe Digital is introducing margin futures trading for Bitcoin (BTC) and Ethereum (ETH). This move makes Cboe Digital the first U.S. regulated crypto-native exchange and clearinghouse to offer both spot and leveraged derivatives trading on a single platform. The new offering is set to go live on January 11, 2024, with plans to expand to physically delivered products in the future, pending regulatory approvals.
Leading Support for Cobe Digital
The launch of margin futures on Bitcoin and Ethereum is supported by industry leaders from both the cryptocurrency and traditional financial sectors. With backing from firms like B2C2, BlockFills, CQG, Cumberland DRW, and Talos, this initiative is seen as a valuable step towards providing hedging instruments in the traditional financial markets. It is expected to foster additional liquidity and hedging opportunities in the crypto market.
Hot Take: Institutional Adoption of Cryptocurrencies
This move by Cboe Digital signals a significant advancement in the institutional adoption of cryptocurrencies. With endorsements from industry leaders and a focus on creating a regulated, secure, and innovative trading platform, it’s clear that the future of cryptocurrency trading is becoming more mainstream and widely accepted.