Chicago Board Options Exchange (Cboe) Digital announced today its plans to introduce trading and clearing in margin futures on Bitcoin, commencing January 11, 2024. This move positions Cboe Digital as the first U.S. regulated cryptocurrency native exchange and clearinghouse to facilitate both spot and leveraged derivatives trading on a unified platform, according to the announcement.

Initially offering financially settled margined contracts on Bitcoin, Cboe Digital plans to diversify its product suite to include physically delivered products, pending regulatory approvals. The margin model is designed to enhance capital efficiency, enabling customers to engage in futures trading without…

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