Cboe Global Markets announced Wednesday that it had agreed to buy ErisX, a cryptocurrency and derivatives exchange. The deal is expected to close in the first half of 2022, subject to regulatory approval.
such news This marks the return of Cboe in the crypto space after in December 2017. Cboe is a US-regulated exchange. It was the first to launch bitcoin futures, but in June 2019 it shut down the product. At the time, Cboe said it was evaluating its approach for its next crypto business plan.
News of the ErisX acquisition comes just a day after the Bitcoin Futures ETF began trading in the United States from ProShares. ETFs It posted record trading volumes of nearly $1 billion on its first trading day on the New York Stock Exchange (NYSE) Arca.
“Now is the perfect time to fully embrace and define this emerging asset class,” said Chris Isaacson, executive vice president and chief operating officer of Cboe, “and with ErisX, this will enable Cboe to enter digital assets. spot , derivative data , and clearing ecosystem.”
ErisX was founded in 2018 and operates US spot crypto markets, futures markets, and clearinghouse. It is regulated by the CFTC and registered with FinCEN and licensed in several US states.
Cboe plans to run a crypto business under the name Cboe Digital. The company will also set up a digital advisory board with well-known companies. to plan the continuous development of ErisX These companies include DRW, Fidelity Digital Assets, Galaxy Digital, Interactive Brokers, NYDIG, Paxos and Robinhood.
Although the terms of the acquisition have not been disclosed, Cboe said the purchase price was “It is not material from a financial point of view.”
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