Cboe Global Markets, one of the leading global financial markets, has announced its plans to cease supporting spot trading of cryptocurrencies. This is expected to happen in the third quarter of 2024, despite the current growth in trading volumes.

The Kaiko Data+ information panel indicates that Cboe Digital accounts for 6 to 10% of the entire US exchange market. Interestingly, on April 21, this figure temporarily reached 20%. The Cboe Digital platform is noted as having the highest average trade size among all American exchanges, as tracked by Kaiko.

On Cboe Digital, the average trade size for BTC exceeded $14,000 as of April 25, 2024, indicating high demand among institutional investors. These data underscore the platform's significant influence on the digital asset market.

Founded in 1973, Cboe Global Markets is known for its innovative solutions in financial instruments. The exchange offers trading in stocks, options, futures, ETFs, and other products. Cboe is particularly known for its S&P 500 index and as a pioneer in bitcoin futures trading, launching the world's first platform for trading cryptocurrency contracts in December 2017.

Cboe is renowned for its reliability, high liquidity, and technological innovations, providing advanced trading systems and tools that ensure efficiency and transparency in trading.