Cboe Global Markets is set to expand its offerings in the cryptocurrency derivatives space by introducing 10-year futures contracts for Bitcoin and Ethereum. This initiative, pending regulatory approval, is expected to enhance access to regulated crypto products for traders in the United States. The source reports that this move could significantly impact the market landscape.
Introduction of New Futures Contracts
The new futures contracts are scheduled to begin trading on November 10, 2023, and are designed to simplify position management for institutional traders while providing them with long-term exposure to the leading cryptocurrencies. This strategic move by Cboe is anticipated to attract a broader range of participants, including both institutional and retail traders, to the crypto derivatives market.
Addressing Demand for Sophisticated Trading Instruments
By offering longer-term futures, Cboe aims to address the growing demand for more sophisticated trading instruments in the cryptocurrency sector. The introduction of these products represents a significant shift in the landscape of crypto derivatives, potentially paving the way for increased institutional investment and participation in the market.
Currently, the UK's Financial Conduct Authority (FCA) is making strides in regulating the cryptocurrency sector by launching a consultation on proposed minimum standards for crypto firms. For more details on this initiative, see the full article here.
