Cboe Digital will become the first US regulated crypto native combined exchange and clearinghouse to enable both spot and leveraged derivatives trading on a single platform when it launches trading and clearing of bitcoin and ether margin futures in January.
As well as the initial settled main contracts on bitcoin and ether, the exchange plans to expand its product suite to include physically delivered products at a later date, subject to regulatory approvals.
The margin model is designed to allow customers to trade futures without posting the full collateral up front, thereby providing greater capital efficiency compared to trading futures on a non-margined basis. Significantly, Cboe Digital’s unified spot and derivatives trading platform will also help enable customers to easily access both markets, creating opportunities for additional capital and operational efficiencies.
Cboe Digital’s planned launch of margin futures will be supported by firms across the cryptocurrency and traditional financial marketplace, including B2C2, BlockFills, CQG, Cumberland DRW, Jump Trading Group, Marex, StoneX Financial, Talos, tastytrade, Trading Technologies and Wedbush.
The launch of the new margin futures will complement Cboe Digital’s existing offering of bitcoin, bitcoin cash, ether, litecoin and USDC trading on its spot crypto market.
Contract margin requirements for the new futures will be published on Cboe Digital’s website daily, along with standardised portfolio analysis of risk (SPAN) compatible risk parameter files that can be used to replicate margin calculations.
