Cboe Digital, formerly known as ErisX, is a digital asset platform that is a part of Cboe Global Markets, a leader in global market infrastructure. The platform offers regulated trading, clearing, and settlement services for digital assets, catering to both institutional and individual investors.
Cboe Digital has reached a significant milestone with the launch of margined futures for Bitcoin and Ether, marking a major step forward in its cryptocurrency service offerings. This development represents a notable fusion of traditional finance and cryptocurrency marketplaces, showcasing Cboe Digital’s commitment to innovative financial solutions.
John Palmer, President of Cboe Digital, emphasized the launch’s importance, viewing it as a crucial step towards unifying the crypto spot and futures markets. He highlighted the increasing interest of investors in cryptocurrencies and their growing need for advanced financial tools to manage exposures and hedge risks.
These new offerings are expected to boost operational and capital efficiencies significantly.The launch is particularly noteworthy as it positions Cboe Digital as the first U.S.-regulated, crypto-native exchange and clearinghouse offering a combination of spot and leveraged derivatives trading on a single platform.
In a recent interview on Bloomberg TV, John Palmer, the President of Cboe Digital, discussed the potential impact of U.S. regulators approving the first-ever spot exchange-traded funds (ETFs) for Bitcoin.
Palmer said that the approval of a spot Bitcoin ETF by the U.S. SEC would mark a crucial turning point, especially for new institutional investors, including pension funds and registered investment adviser (RIA)-based vehicles:
“Seeing that approval is going to pave the way for pension funds and RIA-based funds to be able invest in assets in a spot Bitcoin ETF where they may not be able to gain that access today in just a native, spot Bitcoin token.“