The Commodity Futures Trading Commission (CFTC) has approved leveraged crypto derivatives products for the Chicago Board Options Exchange (CBOE).
According to a press release, the CFTC has approved Cboe Clear Digital to provide clearing services for digital asset futures on a margin basis.
“The Commodity Futures Trading Commission today approved an amended registration order for Cboe Clear Digital, LLC (Cboe Clear) to clear additional products, subject to the terms specified in the order, as a derivatives clearing organization (DCO) under the Commodity Exchange Act.
The amended order enables Cboe Clear to provide clearing services for digital asset futures on a margined basis for futures commission traders, in addition to previously approved fully collateral futures and fully collateral swaps.”
Bitcoin proponent and strategy advisor at Vaneck/MVIS Gabor Gurbacs tells are 56,500 Twitter followers that the development essentially means “institutions have entered the chat” and are finding more ways to position themselves in digital assets despite regulatory uncertainty and the lawsuit against Binance, the world’s largest crypto exchange.
“While everyone is wrapped up in the Binance SEC case… institutions entered the chat, without people noticing: CFTC Approves Cboe Clear Digital, LLC for Clear Margined Digital Asset Futures…
I used to work with the OCC to get a marginalized model approved…the CFTC was waiting to see how the CME contracts would eventually function. It’s clear they’re working well…so it looks like the approvals are back on the table.
Cboe Clear Digital is a derivatives clearing organization (DCO) that provides clearing services for digital asset futures on a margined basis. It is a subsidiary of Cboe Global Markets, Inc., a provider of trading and clearing services for options, futures and exchange-traded products (ETPs).
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