Cboe Digital, which is affiliated with Cboe Global Markets, will open margin futures contract trading for Bitcoin and Ethereum.
According to the announcement made today, margin futures contract transactions for Bitcoin and Ethereum On January 11, 2024 will open.
With this move, Cboe Digital will become the first regulated clearinghouse for cryptocurrencies in the United States, allowing both spot and leveraged derivatives trading on the same platform.
Settlements of margin futures contracts will initially be settled financially. The company plans to add products with physical delivery to its product range in the future.
Thanks to the margin model, investors will be able to buy and sell futures contracts without having to pay the entire collateral up front.
Cboe Digital’s new products are supported by B2C2, BlockFills, CQG, Cumberland DRW, Jump Trading Group, Marex, StoneX Financial, Talos, tastytrade, Trading Technologies and Wedbush.
Bitcoin, Bitcoin Cash, Ethereum, Litecoin and USDC can currently be traded on Cboe Digital’s spot market.
“We believe these derivatives will contribute to greater liquidity and hedging opportunities in crypto,” said John Palmer, president of the company. said.