CBOE to Launch Leveraged Bitcoin Futures
Chicago Board Options Exchange (Cboe) Digital is set to launch trading and clearing in margin futures on Bitcoin starting January 11, 2024. This marks Cboe Digital as the first U.S. regulated cryptocurrency native exchange and clearinghouse to facilitate spot and leveraged derivatives trading on a unified platform. The platform will initially offer financially settled margined contracts on Bitcoin but will diversify its product suite to include physically delivered products pending regulatory approvals.
The margin model aims to enhance capital efficiency, allowing customers to engage in futures trading without posting full collateral upfront. The unified spot and derivatives trading platform will streamline customer access to both markets, unlocking opportunities for increased capital and operational efficiencies. The launch will be supported by other firms in the cryptocurrency and traditional financial sectors, including B2C2, BlockFills, CQG, Cumberland DRW, Jump Trading Group, Marex, StoneX Financial, Talos, tastytrade, Trading Technologies, and Wedbush. Cboe Digital President John Palmer expressed gratitude for the support from industry partners, stating that futures will foster additional liquidity and hedging opportunities in crypto and represent the next critical step in the market’s continued growth.
(With inputs from Shikha Singh)
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