Cboe Digital has announced the launch date for Bitcoin, Ether Margin Futures: January 11, 2024, becoming the first exchange in the United States to offer both spot and leveraged derivatives trading on its platform. single As the company saidindeclaration
Margin trading improves capital efficiency by allowing clients to trade futures contracts without having to pass all collateral. The ability to execute spot and derivatives trades on the same platform increases efficiency as well.
John Palmer, President of Cboe Digital, said:
“We believe derivatives will provide additional liquidity. and increase the opportunity to hedge risks in digital currencies and represents the next important step in the continued growth of this market.”
Cboe Digital provides trading services for individuals and institutions, with 11 companies including crypto and traditional financial companies. Supporting new capabilities at launch include B2C2, BlockFills, Cumberland DRW and Talos, among others.
Cboe Digital received approval for trading Margin Futures from the U.S. Commodity Futures Trading Commission in June. At the time, CFTC Commissioner Christy Goldsmith Romero praised Cboe Digital for “operating within a traditional futures market structure and regulatory framework.”
refer : cointelegraph.com
picture news.bitcoin.com
The post CBOE to launch BTC, ETH Margin Futures on January 11, 2024 with 11 companies supporting it appeared first on Bitcoin Addict.