CFTC Approves CBOE for Leveraged Crypto Products: Institutions Entering the Scene

• The CFTC has approved Cboe Clear Digital to provide clearing services for digital asset futures on a margined basis.
• Gabor Gurbacs says the development means that “institutions have entered the chat” and are finding more ways to position themselves in digital assets.
•Cboe Clear Digital is a subsidiary of Cboe Global Markets, Inc., which provides trading and clearing services for options, futures, and exchange-traded products (ETPs).

CFTC Approves Chicago Board Options Exchange for Leveraged Crypto Products

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.

Institutions Have Entered The Chat

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.

What Does This Mean?

This means that institutions such as banks, hedge funds, pension funds, etc. can now become involved in cryptocurrency markets without having to worry about being subject to regulations or fines from government agencies like the SEC or CFTC. This also opens up new opportunities for investors looking to diversify their portfolios with alternative investments like cryptocurrency.

What Is Cboe Clear Digital?

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., which provides trading and clearing services for options, futures, and exchange-traded products (ETPs).

Disclaimer

Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please consult your financial advisor before making any decision related to investments or taxes.