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Every day brings new and promising news for cryptocurrencies. In this period, there are developments that particularly support institutional demand. CME Bitcoin volume has surpassed Binance exchange, and now CBOE is taking a big step in the crypto space.
Latest News on Cryptocurrencies
CBOE Digital will launch the first crypto platform that enables both spot and leveraged derivative trading on a single platform next year. CBOE Digital announced today that it plans to initiate trading and clearing of margin futures on Bitcoin and Ether starting from January 11, 2024. With this launch, CBOE Digital will make both spot and leveraged derivative trading possible on a single platform.
It is known that institutional investors demand more trust and transparency in the crypto space. The entry of established companies into crypto aims to provide services through their own platforms and instill this trust in institutions. Of course, the fact that they will make serious money from this endeavor is also a significant motivation.
Initially, CBOE Digital will offer financially regulated margin contracts on Bitcoin and Ether, and it will diversify its products to support different altcoins subject to regulatory approvals. The launch of CBOE Digital’s planned margin futures trading will be supported by leading companies in the field, including B2C2, BlockFills, CQG, Cumberland DRW, Jump Trading Group, Marex, StoneX Financial, Talos, tastytrade, Trading Technologies, and Wedbush.
CBOE Digital President John Palmer said:
“Our upcoming margin futures launch represents a significant milestone for CBOE Digital, and we are grateful to have the support of such an extraordinary group of industry partners who share our commitment to creating reliable and transparent crypto markets.”
Nicola White, CEO of B2C2, one of the largest market makers in crypto, said:
“As a leading liquidity provider that offers deep and reliable pricing in market conditions, B2C2 supports efforts to increase the institutional adoption of cryptocurrencies. We are pleased to work with high-quality exchanges like CBOE Digital, which focus on transparent markets and superior risk management resources.”