Cboe Digital Trades First Margined Crypto Futures
Posted by Colin Lambert. Last updated: January 14, 2024
Cboe Digital has successfully launched margined bitcoin and ether futures with the completion of its first margined bitcoin futures trade.
With support from Blockfills, DV Trading, Jump Trading Group, Marex, Toa Capital Partners and Wedbush in executing the trades, Cboe Digital says it becomes the first US regulated crypto native exchange and clearinghouse to offer both spot and leveraged derivatives trading on a single platform.
Following the launch, Cboe Digital says it plans to expand its product suite to include physically delivered products, pending regulatory approval.
“As an exchange and clearinghouse, this is a significant milestone for Cboe Digital and its vision to unify the crypto spot and futures market,” says 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.”