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Cboe to End Crypto Exchange in Plans to Consolidate Services

From financemagnates.com

Cboe Global Markets plans to close its cryptocurrency exchange in the third quarter of 2024. Cash-settled Bitcoin and ether futures contracts will move from the Cboe Digital Exchange to the Cboe Futures Exchange in the first half of 2025. According to the press release, John Palmer, the President of Cboe Digital, will head US Derivatives Market Development. Consolidating Crypto Futures Cboe aims to consolidate its US futures products into one exchange to enhance efficiency for clients globally. By leveraging its global derivatives franchise, the options exchange plans to support exchange-traded digital asset ... (full story)

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  • Category: Crypto Industry News