Cboe Digital to introduce margined BTC, ETH futures

Cboe Digital is launching margin futures on Bitcoin and Ethereum, becoming the first U.S.-regulated crypto native exchange and clearinghouse, with support from 11 leading firms.

Cboe Digital is introducing trading and clearing in margin futures for Bitcoin (BTC) and Ethereum (ETH), which will become available on Jan. 11, 2024, making Cboe Digital the first U.S. regulated crypto-native combined exchange and clearinghouse, with both spot and leveraged derivatives trading on one platform.

Cboe Digital will initially offer financially settled margined contracts on BTC and ETH, with plans to expand to physically delivered products, pending regulatory approvals.

Leading crypto and tradfi institutes to support Cobe Digital

The launch is backed by leading entities in both the cryptocurrency and traditional financial sectors, including B2C2, BlockFills, CQG, Cumberland DRW, Talos, and others.

John Palmer, president of Cboe Digital, sees futures as “valuable hedging instruments in the traditional financial markets.”

We believe derivatives will foster additional liquidity and hedging opportunities in crypto and represent the next critical step in this market’s continued growth.”

Cboe Digital’s initiative has received further endorsements from industry leaders for its focus on creating a regulated, secure, and innovative trading platform, signaling a significant advancement in the institutional adoption of cryptocurrencies.

Cboe Digital already offers Bitcoin, Ethereum, USD Coin (USDC), Bitcoin Cash (BCH), and Litecoin (LTC) trading on its spot crypto market.