CBOE SET TO LAUNCE MARGINED BITCOIN AND ETHEREUM FUTURES
This year has certainly seen the overall interest in digital assets skyrocket following a porous 2022. Indeed, with the anticipation surrounding Spot Bitcoin ETF approval, the industry has seen a plethora of companies getting into the market. Now, that continues with a brand new development set to arrive at the start of the new year.
Indeed, the largest US options exchange, Cboe , is set to launch margined Bitcoin (BTC) and Ethereum (ETH) futures. Specifically, reports have stated that the offering is set to come to fruition in January, along with market-wide excitement about what could come in 2024.
Source: Blockchain Reporter
Also Read: BlackRock Officially Files Spot Ethereum ETF Application
Futures trading is a type of contract that obligates a buyer or seller to buy or sell an asset at a future date at a specified price. Additionally, leveraged trading allows investors to trade contracts with greater value without requiring the full amount upfront.
Conversley, Cboe, or the Chicago Board Options Exchange, is the largest of its kind in the United States. Located in Chicago, they are a derivatives and exchange network that presents trading and investment solutions globally. Subsequently, 2024 will see Bitcoin and Ethereum margined futures trading added to their list of offerings.
The largest US options exchange, Cboe, is set to launch margined Bitcoin (BTC) and Ethereum (ETH) futures in January. This move is likely to increase the crypto market activity from investors, as margined contracts allow customers to use only a percentage of the position before the trade is made. This development is good news for the crypto industry, as Cboe, a derivatives exchange located in Chicago, is one of the largest of its kind in the United States.
You can read more about this topic here: Watcher Guru: US Options Exchange Cboe Launching Margined Bitcoin Futures