CBOE Introduces Leveraged Bitcoin Futures Trading in January
Recently, CBOE Digital announced plans to launch margin futures trading and clearing on Bitcoin from January 11, 2024. This makes them the first regulated exchange in the United States focusing on spot and leveraged derivatives trading on a unified platform.
CBOE Redefines the Bitcoin Futures Landscape
CBOE Digital will introduce financially regulated margin contracts on Bitcoin to diversify its product range. The goal is to improve capital efficiency and simplify access to both spot and derivatives trading platforms.
All Companies in Support of CBOE Digital
The upcoming launch of futures on margin is supported by several companies in the cryptocurrency and traditional finance sectors. President John Palmer expressed gratitude for the support and highlighted the commitment to building reliable and transparent crypto marketplaces.
Record Open Interest in Bitcoin Futures: All the Growth Trends
Open Interest in Bitcoin futures has significantly risen over the past few days, with CME hitting a new record high of $4 billion, corresponding to 27% of total Open Interest. Coinglass data reported that the total volume of Open Interest in Bitcoin futures exceeded $16 billion across all exchange platforms.
Hot Take: CBOE’s Move Signals Confidence in Crypto Market
CBOE’s decision to introduce leveraged Bitcoin futures trading demonstrates growing confidence in the crypto market. The move not only diversifies product offerings but also simplifies access to both spot and derivatives trading platforms, marking a significant milestone for CBOE Digital.
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