The Commodity Futures Trading Commission (CFTC) has approved leveraged crypto derivatives products for the Chicago Board Options Exchange (CBOE).
According to a press release, the CFTC has given approval to Cboe Clear Digital to provide clearing services for digital asset futures on a margined basis.
“The Commodity Futures Trading Commission today approved an amended order of registration for Cboe Clear Digital, LLC (Cboe Clear) to clear additional products, subject to the terms and conditions specified in the order, as a derivatives clearing organization (DCO) under the Commodity Exchange Act.
The amended order permits Cboe Clear to provide clearing services for digital asset futures on a margined basis for futures commission merchants, in addition to the fully collateralized futures and fully collateralized swaps previously authorized.”
Bitcoin proponent and strategy advisor at Vaneck/MVIS Gabor Gurbacs tells his 56,500 Twitter followers that the development essentially means that “institutions have entered the chat,” and are finding more ways to position themselves in digital assets despite regulatory uncertainty and the lawsuit against Binance, the world’s largest crypto exchange.
“While everyone is caught up in the Binance SEC case… institutions entered the chat, without people noticing: CFTC Approves Cboe Clear Digital, LLC to Clear Margined Digital Asset Futures…
I worked with the OCC back in the day to get a margined model approved… the CFTC was waiting to see how the CME contracts end up functioning. Obviously, they are working well… so looks like approvals are back on the table.”
Cboe Clear Digital is a derivatives clearing organization (DCO) that provides clearing services for digital asset futures on a margined basis. It is a subsidiary of Cboe Global Markets, Inc., a provider of trading and clearing services for options, futures, and exchange-traded products (ETPs).
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