Cboe Digital has launched margined Bitcoin and Ether futures alongside completing its first margined Bitcoin futures trade.
Gaining support in executing the trades from Blockfills, DV Trading, Jump Trading Group, Marex, Toa Capital Partners and Wedbush, Cboe Digital has become the first US regulated crypto native exchange and clearing house to offer both spot and leveraged derivatives trading on a single platform.
“As an exchange and clearing house, this is a significant milestone for Cboe Digital and its vision to unify the crypto spot and futures market,” said 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.”
Following the launch of financially settled margined contracts on Bitcoin and Ether, Cboe Digital revealed plans to expand its product suite to include physically delivered products, subject to regulatory approval.
“We believe transparent and US regulated markets drive customer demand for these products and Marex was keen to support its customers from the outset,” said Thomas Texier, head of clearing at Marex.
“Cboe Digital’s margin futures launch will help bring competitive technology and innovative solutions to the crypto spot and leveraged derivatives markets.”