Following CFTC approval of the products in June, Cboe Digital, the cryptocurrency division of the Chicago Board of Options Exchange, said that it will begin listing margined bitcoin (BTC) and ether (ETH) futures on January 11.According to a press release, it will make history as the first clearinghouse and regulated exchange in the United States to offer both spot and leveraged derivatives trading on the same platform.Regular futures do not let traders to take positions larger than their collateral; however, leveraged futures do.
Among the trading companies supporting the new offering are B2C2, BlockFills, CQG, Cumberland DRW, Jump Trading Group, and Marex.
“Futures have long served as valuable hedging instruments in the traditional financial markets, and we couldn’t be more excited to extend access to this tool further into the digital assets markets and offer margined trading for our customers,” Cboe Digital President John Palmer said. “We believe derivatives will foster additional liquidity and hedging opportunities in crypto and represent the next critical step in this market’s continued growth.”
After acquiring trading platform ErisX last August, Cboe Digital announced a number of prominent figures in the cryptocurrency space as equity partners.In December 2017, bitcoin futures were listed by CME, a rival of Cboe.When bitcoin peaked at $20,000 on that day and fell to $6,000 over the next two months, that listing signaled the end of the cycle.
In December 2017, a rival of Cboe, CME, offered bitcoin futures.With bitcoin peaking over $20,000 that day and falling to $6,000 in the next two months, the listing represented the cycle high.