NEW YORK : Cboe Global Markets on Monday said it received regulatory approval to offer leveraged derivatives products on its digital trading platform, including physically and financially settled bitcoin and ether margined futures contracts.The U.S. Commodity Futures Trading Commission approved Cboe Digit
NEW YORK : Cboe Global Markets on Monday said it received regulatory approval to offer leveraged derivatives products on its digital trading platform, including physically and financially settled bitcoin and ether margined futures contracts.
The margined contracts will let users trade crypto futures while putting less collateralized capital up front, with trades executed and cleared through an approved set of member futures commission merchants, Chicago-based Cboe said. Cboe Digital's clearinghouse will act as the central counterparty to reduce default risks.
"Derivatives are a time-tested and valuable tool that enable investors to gain market exposure and manage their risk," John Palmer, president of Cboe Digital, said in a statement.On Oct. 20, 2021, Chicago-based Cboe announced its intention to buy crypto exchange and clearinghouse ErisX. At the time, the price of bitcoin topped $67,000.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
New York's Tribeca Film Festival seeks to tell 'untold stories'NEW YORK : With an emphasis on diversity in content and storytellers, New York's Tribeca Film Festival kicks off on Wednesday, with highlights including documentaries about actor Rock Hudson and news anchor Dan Rather.Running from June 7 to June 18, nearly 70 per cent of the competition feature films are
Read more »
Vesak Day queue to Johor Bahru spills to area outside M’sia customsEveryone is hitting up that sweet S$1 to MYR3.41 exchange rate this long weekend.
Read more »
Surf Air Mobility reveals revenue surge in listing paperworkSurf Air Mobility's revenue for a unit jumped nearly 72 per cent in 2022, showed the electric aviation and regional air travel company's regulatory filing on Monday with the U.S. Securities and Exchange Commission to list its shares in New York.The company, which had confidentially filed for a direct U.S.
Read more »
Crypto shares tumble after US SEC charges Binance with securities law violationsCryptocurrencies and shares in crypto and blockchain-related companies tumbled on Monday after the U.S. Securities and Exchange Commission sued crypto exchange Binance and its founder, Changpeng Zhao, alleging violations of securities laws.The SEC's complaint against the world's biggest cryptocurrency exc
Read more »
Who is Binance billionaire Changpeng Zhao?LONDON : On Monday, the U.S. Securities and Exchange Commission took aim at the most powerful man in crypto.The SEC accused Binance founder Changpeng Zhao of operating a 'web of deception,' charging him and his exchange with 13 offences. These ranged from allegedly manipulating Binance's trading volumes a
Read more »
NWSL's new Bay FC hope to ride World Cup wave of excitementSAN FRANCISCO : The founders behind the new National Women's Soccer League (NWSL) expansion team in California's San Francisco Bay Area believe this year's Women's World Cup will only add to their momentum as they kick off their inaugural season next year. Bay FC, the NWSL's 14th club, will start play in
Read more »