Digital subsidiary Chicago stock exchange operator received CFTC approval to launch margin futures for Bitcoin and Ethereum

At the moment, the platform of the Chicago exchange operator conducts spot trading of 5 digital assets, derivatives are not represented on it.

The US Commodity Futures Trading Commission (CFTC) has allowed Cboe Digital to register as a clearing organization for derivatives for bitcoin and Ethereum with margin.

Chicago Board Options Exchange (Cboe) is an American company that owns the Chicago Board Options Exchange and the operator of the BATS Global Markets stock Exchange, as well as several other trading platforms. In May 2022, the company created a platform for trading cryptocurrencies Cboe Digital. The platform’s activities on the spot and futures markets are carried out under licenses of American regulators in 51 US states.

Cboe Digital submitted an application to launch margin futures for bitcoin and Ethereum at the end of October last year. Approval of CFTC application dated June 5 allows the platform to “provide clearing services for digital asset futures on a margin basis.”

In 2017, Cboe launched bitcoin futures, the products were not in great demand from traders, and in March 2019, the exchange decided not to add new bitcoin futures. But the growth of the crypto market in subsequent years led to the fact that the exchange operator opened a separate platform for trading digital assets.

Currently, 5 cryptocurrencies are traded on Cboe Digital: Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Litecoin (LTC) and stablecoin USD Coin (USDC). Futures are not currently represented on the site.