Cboe is launching margined bitcoin and ether futures in January

Quick Take

  • Cboe Digital is planning to launch trading and clearing in margin futures on BTC and ETH on January 11, 2024.
  • The launch will be supported by B2C2, Cumberland, Jump Trading, Marex, Wedbush and others.

Cboe is planning to launch margin futures for bitcoin and ether in January.

"With this launch, Cboe Digital will become the first U.S. regulated crypto native combined exchange and clearinghouse to enable both spot and leveraged derivatives trading on a single platform," the company announced Monday.

Cboe is also planning to expand its crypto derivatives suite and add "physically delivered products at a later date, subject to regulatory approvals," the press release said. Cboe is already providing trading in spot futures for bitcoin, bitcoin cash, ether, litecoin and USDC.

"We believe derivatives will foster additional liquidity and hedging opportunities in crypto and represent the next critical step in this market's continued growth," Cboe Digital president John Palmer said in a statement.

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Crypto trading firms B2C2, BlockFills, CQG, Cumberland DRW, Jump Trading Group, Marex, StoneX Financial, Talos, tastytrade, Trading Technologies and Wedbush will support the launch, Cboe said.

"Cboe Digital's offer in providing secure access to regulated futures markets is key to maturing this nascent asset class and enabling broader institutional participation," said Chris Zuehlke, global head of Cumberland DRW. 


© 2023 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

About Author

Anna is a senior policy reporter at The Block. She has a background in political journalism and covered Russian civil society for a range of news outlets in Moscow, including the award-winning newspaper Novaya Gazeta. Before joining The Block, Anna spent the past five years investigating cryptocurrency policies and adoption around the world at CoinDesk. Anna owns bitcoin and a gift NFT of sentimental value.

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