CBOE Options Exchange To Launch Cryptocurrency Derivatives In 2017
The Chicago Board Options Exchange (CBOE) has entered into an agreement with Gemini, a Bitcoin exchange funded by investors Cameron and Tyler Winklevoss, as part of a program to launch cryptocurrency derivatives trading.
According to the Wall Street Journal, CBOE will use Gemini data to launch related product listings in 2017. Gemini is a New York exchange that opened in 2015 and offers Bitcoin and Ether markets as well as daily cryptocurrency auctions..
The CBOE is still awaiting regulatory approval, according to the report, which will allow investment firms to hedge against the volatility of the fast-growing cryptocurrency market. Now the market capitalization of cryptocurrency markets is about $ 105 billion, that is, only $ 10 billion behind the maximum set in mid-June.
In addition, this announcement comes at a time when investment firms are starting to pay more attention to these price increases and look for opportunities to apply technologies that fit into their existing business models..
It’s worth noting that the announcement came shortly after the publication of the Commodity Futures Trading Commission’s decision last week, according to which LedgerX received a license to provide clearing and custody services for cryptocurrency derivatives..
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