Cboe Reorganization Will Merge Or Eliminate Digital Arm’s Activities
Equity exchange network Cboe Global Markets has announced plans to reorganize its digital assets trading operations, including eliminating its digital spot market.
Cboe said it will remove digital asset derivative trading from Cboe Digital and integrate it into its Global Derivatives and Clearing businesses. The Cboe Digital Spot Market will close in the third quarter of 2024.
The Cboe Digital clearing arm, Cboe Clear Digital, will be “aligned” with Cboe Clear Europe under the unified leadership of Cboe Clear Europe president Vikesh Patel.
The exchange went on to note that it would enjoy significant savings from closing its digital spot trading arm.
(With inputs from Shikha Singh)
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