[NEWS] US options trading giant Cboe to offer spot and futures trading for Bitcoin and Ethereum

Cboe Digital, a subsidiary of Cboe Global Markets, which handles S&P 500 options and the VIX index, has announced plans to offer spot and futures trading for Bitcoin (BTC) and Ethereum (ETH).

Cboe Digital will offer spot and futures trading for Bitcoin and Ethereum from January 11, 2024. This will make Cboe Digital the first cryptocurrency exchange regulated in the United States to combine exchange functions and clearing house functions. It will be a single platform that allows both spot trading and leveraged derivative trading.

Cboe Digital is committed to bringing trust, transparency and responsible innovation to the cryptocurrency spot and futures trading market, and has presented a model that includes intermediaries, aiming to be an integrated exchange and clearing house while ensuring separation of duties to avoid conflicts of interest.

Seebo Digital will initially offer Bitcoin and Ethereum futures trading, but plans to support other cryptocurrencies after regulatory approval.

More than 10 market makers join

Margin futures trading is designed to allow customers to trade without having to put up the full amount as collateral. This improves capital efficiency compared to margin-based futures trading.

Importantly, Seebo Digital's integrated spot and futures trading platform gives customers easy access to both markets, improving capital efficiency and trading efficiency. Seebo Digital's planned futures launch will be supported by leading crypto and financial institutions, including B2C2, BlockFills, CQG, Marex, StoneX Financial, Talos, and Wedbush.

Seebo Digital CEO John Palmer commented, "The launch of margin futures services is an important milestone for Seebo Digital."

"Futures have long been used as a valuable hedging tool in traditional financial markets," he said. "We believe that derivatives trading will bring liquidity to the cryptocurrency market, add hedging capabilities, and be the next important step in the continued growth of this market."

Seebo Digital's planned launch of Bitcoin and Ethereum futures will complement its cryptocurrency spot trading market, which includes Bitcoin, Ethereum, Bitcoin Cash (BCH), Litecoin (LTC), and USDC.

Margin for the new futures will be published daily on Seebo Digital's official website, along with a Standardized Portfolio Risk Analysis (SPAN)-compatible risk parameter file that can be used to replicate margin calculations.

Reference:Announcement
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