Markets, Derivatives, Cboe digital, Bitcoin The crypto arm of the Chicago Board of Options Exchange mentioned that the launch comes at a pivotal second as demand for crypto publicity grows.
Cboe Digital, the crypto arm of the Chicago Board of Options Exchange, is hoping to roll out a brand new bitcoin (BTC) futures product later this month if authorized by regulators, the trade said on Monday.
The new buying and selling automobile, in partnership with FTSE Russell, can be cash-settled and based mostly on the XBTF Index, which represents 1/tenth the worth of the FTSE Bitcoin Index. It will choose the final enterprise day of every month.
If regulators approve Cboe’s utility, the futures would start buying and selling on April 28, it mentioned.
Futures are a sort of derivatives the place the customer and vendor comply with commerce an asset at a set value and date sooner or later. They are a well-liked automobile to hedge and handle threat and capitalize on developments and market conduct.
“This launch comes at a pivotal time as demand for crypto publicity continues to develop and market members are more and more searching for extra capital-efficient and versatile methods to realize and handle that publicity,” mentioned Catherine Clay, Global Head of Derivatives at Cboe, in a press release.
In November 2023, Cboe grew to become the primary U.S. regulated trade to supply each spot and leveraged derivatives buying and selling on a single platform after it obtained approval from the CFTC to record margined bitcoin and ether (ETH) futures.
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data Read More