Cboe Acquiring Erisx to Enter Cryptocurrency Spot and Derivatives Markets
Cboe is acquiring Erisx to enter the crypto spot and derivatives markets. “With Erisx, in a single step, Cboe is able to enter the digital asset spot, data, derivatives, and clearing ecosystem. Now is the right time to fully embrace and help define this emerging asset class,” said Cboe’s chief operating officer. Cboe Entering Crypto Spot and Derivatives Markets Cboe Global Markets Inc. (Cboe: CBOE) announced Wednesday that it has agreed to acquire Eris Digital Holdings LLC (Erisx). Erisx’s futures exchange and clearing house are regulated by the Commodity....
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A goodwill impairment from ErisX significantly hurt the company's GAAP earnings, but otherwise, business results improved from last year. On Friday, Chicago Board Options Exchange (CBOE), the largest options exchange in the United States, announced its second-quarter earnings results. Of particular interest was its total operating expenses, which soared 685% year-over-year from $160.6 million. CBOE explained:"This was primarily due to the $460 million impairment of goodwill recognized in the Digital reporting unit, driven by negative events and trends in the broader digital asset....
Cryptocurrency derivatives platform ErisX launched cash-settled bounded futures on Tuesday.
US-based options exchange Cboe Digital has announced plans to launch margin futures trading and clearing for Bitcoin (BTC) and Ethereum (ETH) starting January 11, 2024. This development positions Cboe Digital as the first US-regulated cryptocurrency native exchange and clearinghouse to facilitate spot and leveraged derivatives trading on a single platform. Cboe To Introduce Margined Contracts […]
A recent license amendment from the CFTC greenlit ErisX's expansion into trading product offerings on other commodities. The Commodity Futures Trading Commission, or CFTC, recently approved a license modification for ErisX's clearing house. The license amendment allows ErisX freedom to offer more trading products. "The significance of the Amended Order is that it expands our licensed activities allowing us to clear products on other commodities beyond just virtual currencies or crypto," ErisX general counsel Laurian Cristea told Cointelegraph. "Now we may list futures or swaps across the....
CBOE is looking to re-enter the crypto sector, filing to list a Bitcoin ETF proposed by asset manager Van Eck. Globally leading exchange holding company, Chicago Board Options Exchange, or CBOE, has filed to list the Bitcoin exchange-traded fund proposed by asset manager, Van Eck.CBOE filed a Form 19b-4 requesting permission to list the ETF from the U.S. Securities and Exchange Commission on Jan. 3. In the form, CBOE emphasizes the benefits an ETF would offer to retail investors over the spot Bitcoin markets, including custody:“Exposure to bitcoin through an ETP also presents certain....