New options from Cboe help cryptocurrency traders be more flexible.

Cboe Expands Its Presence in the Cryptocurrency Market

CBOE Global Markets has just launched a new Bitcoin futures contract called Cboe FTSE Bitcoin Index Futures (XBTF), now available on the Cboe Futures Exchange. Previously, CBOE introduced Bitcoin options products (CBTX and MBTX), providing various tools to manage Bitcoin price volatility. These products can be used individually for simple trades or combined for more complex strategies. The XBTF contracts, like Bitcoin options, are all settled through OCC.

The expansion of Cboe's cryptocurrency products includes Bitcoin ETFs and Bitcoin ETF options based on indices, along with new Bitcoin futures contracts. The BTC index futures contracts are cash-settled, eliminating the need to deliver physical Bitcoin. XBTF contracts will be settled on the last business day of each month in the afternoon.

In the context of the increasing demand for cryptocurrency derivative products, Cboe is committed to building a comprehensive ecosystem to make access to Bitcoin and risk management more efficient and flexible. Catherine Clay, Global Head of Derivatives at Cboe, stated that the new Bitcoin futures are an important addition to their cryptocurrency product portfolio, allowing investors the opportunity to gain exposure to or hedge Bitcoin in a transparent and regulated environment, with a centralized settlement mechanism.

Cboe is further expanding its digital asset portfolio by listing Bitcoin ETFs and Ethereum spot in the United States. The new cash-settled Bitcoin options have helped create ETFs that allow investors to gain exposure to Bitcoin while only facing limited risk. Barak Capital, a leading market maker, has noted the growing demand for stable and efficient markets as investing in digital assets becomes more professional. They are ready to provide liquidity for Cboe's FTSE Bitcoin index futures.

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