Cboe Digital announced plans to launch trading and clearing on margin futures on Bitcoin and Ethereum starting January 11, 2024.
The move will make Cboe Digital the first regulated crypto exchange and clearinghouse in the US to enable both spot and leveraged derivatives trading on a single platform.
The launch of margin futures is supported by leading companies in the cryptocurrency and traditional finance market, including B2C2, BlockFills, CQG, Cumberland DRW, Jump Trading Group, Marex, StoneX Financial, Talos, tastytrade, Trading Technologies and Wedbush.
Cboe Digital President John Palmer expressed excitement about the upcoming launch and support from industry partners. He said he believes futures have long served as valuable hedging tools in traditional financial markets and that expanding access to this tool to digital asset markets will encourage additional liquidity and hedging opportunities in crypto.
B2C2 CEO Nicola White echoed Palmer's sentiments, stating that B2C2 supports efforts to increase institutional adoption of cryptocurrencies. Cumberland DRW Global President Chris Zuehlke also emphasized the importance of secure access to regulated futures markets for the maturation of the emerging asset class.
*This is not investment advice.