- CBOE Digital to start BTC and ETH margin futures trading on January 11, 2024.
- The move reflects a growing demand for crypto financial products.
CBOE Digital has announced plans to allow trading for Bitcoin and Ether margin futures. Trading will start on January 11, 2024.
The move will make CBOE the first in the U.S. to provide spot and leveraged products on a single trading platform. The CBOE president said, “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 says several leading crypto and traditional financial firms have supported the planned margin futures launch. These are B2C2, CQG, BlockFills, Cumberland DRW, Wedbush, Trading Technologies, Marex, and many others.
CBOE was approved for margin futures trading in June. The entity now plans to seek approvals for physically delivered products.
See Related: Primex Finance Deploys Its Beta On zkSync Testnet To Enable Margin Trading On DEXs
Move Responds To Interest In Crypto Financial Products
The new trading feature comes amid a rise in interest in digital assets’ financial products in the U.S. Chris Zuehlke, Cumberland DRW’s Global Head, says secure access to futures markets is key to the nascent asset class. He lauds the initiative by CBOE as key to more institutional participation.
Meanwhile, the markets await a potential spot in Bitcoin ETF. Optimism grew after reports suggested that Grayscale has initiated talks with the SEC over its spot Bitcoin ETF application.
There are growing expectations that the regulator will approve several spot Bitcoin ETF filings together. The market has speculated the approval in early 2024, with other optimistic predictions pointing to this year. More than nine asset management firms have filed for a spot Bitcoin product in the U.S.
