Cboe exchange gets approval for cryptocurrency futures on margin

Cboe exchange gets approval for cryptocurrency futures on margin

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Author: Robert Strickland (crypto-journalist)
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Cboe exchange gets approval for cryptocurrency futures on marginCboe has received regulatory approval for margin trading in cryptocurrency futures
At the moment, the Chicago-based exchange operator's platform conducts spot trading in 5 digital assets, with no derivatives on it

The Commodity Futures Trading Commission (CFTC) has allowed Cboe Digital to register as a clearing organization for Bitcoin and Ethereum derivatives on margin, Fortune writes.

In May 2022, the company created a cryptocurrency trading platform, Cboe Digital. The platform's spot and futures markets are operated under licenses from U.S. regulators in 51 U.S. states.

Cboe Digital applied to launch margin futures on Bitcoin and Ethereum in late October last year. The CFTC's June 5 approval of the application allows the site to "provide clearing services for digital asset futures on a margin basis."

Cboe launched bitcoin futures in 2017, but the products were not in high demand from traders, and the exchange decided not to add new bitcoin futures in March 2019. But the growth of the crypto market in the following years led the exchange operator to open a separate trading floor for digital assets.

At the moment, there are five cryptocurrencies traded on Cboe Digital: bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Litecoin (LTC), and Stablecoin USD Coin (USDC). Futures are not currently represented on the site.

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