Cboe Digital’s upcoming BTC and ETH margin futures trading, approved by the CFTC, is supported by 11 firms, including B2C2 and Cumberland DRW. The move aims to enhance liquidity and hedging in the crypto market, offering increased efficiency with spot and derivative trading on the same platform. Stay tuned for the Default Liquidity Incentive Program starting November 17.
Cboe Digital, approved by the CFTC, is gearing up for BTC and ETH margin futures trading in January. This move, supported by 11 firms like B2C2 and Cumberland DRW, is set to boost liquidity and hedging in the crypto market. President John Palmer sees derivatives as a vital step in crypto’s growth.
The platform’s unique feature of allowing spot and derivative trading on the same platform adds efficiency. CME, a competitor, has seen a surge in BTC futures open interest, becoming the second-largest exchange after Binance.
Cboe Digital plans to implement a Default Liquidity Incentive Program from November 17, enhancing trading dynamics.