CFTC Gives Green Light to Chicago Board Options Exchange, Signaling Institutional Engagement with Leveraged Crypto Products
The Chicago Board Options Exchange (CBOE) has received approval from the Commodity Futures Trading Commission (CFTC) to offer leveraged crypto derivatives products. In a press release, the CFTC granted an amended order of registration to Cboe Clear Digital, allowing them to provide clearing services for digital asset futures on a margined basis. This development signifies institutional involvement in the crypto space, as highlighted by Bitcoin proponent and strategy advisor Gabor Gurbacs.
He emphasizes that despite regulatory uncertainties and the ongoing lawsuit against Binance, institutions are finding ways to position themselves in digital assets. Cboe Clear Digital, a subsidiary of Cboe Global Markets, Inc., is a derivatives clearing organization that offers clearing services for margined digital asset futures. The approval from the CFTC paves the way for further institutional engagement and expansion in the crypto market.
Clever Robot News Desk 7th June 2023
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