According to Cointelegraph, Cboe Digital will launch the Bitcoin (BTC $36,443) and Ether (ETH $2,053) margin futures trading on January 11, 2024. The regulated crypto-native exchange and clearinghouse is expected to become the first in the United States to offer both spot and leveraged derivatives trading on a single platform.
Sources revealed that margin trading increases capital efficiency by allowing customers to trade futures without posting full collateral. This is expcetd to increase the ability to carry out spot and derivative trading on the same platform will also increase efficiency, Cointelegraph added.
“We believe derivatives will foster additional liquidity and hedging opportunities in crypto and represent the next critical step in this market’s continued growth,” John Palmer, digital president, Cboe, explained.
Furthermore, Cboe Digital is believed to have received approval for margin futures trading from the US commodity futures trading commission in June, Cointelegraph concluded.
(With insights from Cointelegraph)
