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Alex Dovbnya
Cboe made another foray into the cryptocurrency market after acquiring ErisX
Cboe Global Market is ready to add support for more cryptocurrencies to its trading platform, according to a report from Bloomberg.
The Chicago-based company currently offers access to Bitcoin (BTC) as well as several alternative cryptocurrencies, such as Bitcoin Cash (BCH), Ether (ETH), Litecoin (LTC), and USD Coin.
Last August, Cboe Global Markets listed commercial heavyweights such as Jump Crypto, Robinhood and DRW among its financial partners for its Cboe Digital division.
Cboe Digital Markets was formed after the Chicago-based trading giant decided to acquire cryptocurrency derivatives market ErisX. ErisX, which was originally launched in 2018, has received support from major players such as TD Ameritrade, Virtu Financial and DRW Holdings.
Cboe broke new ground by introducing a cash-settled futures product at the end of 2017. This happened just a day before the CME, its main rival, announced the launch of a similar product.
The company then discontinued the product after a brutal bear market began in early 2018. The high-profile acquisition of ErisX marked the company’s return to market.
Cboe Global Markets Managing Director Ed Tilly said the company would proceed with new cryptocurrency listings with caution due to regulatory uncertainty.
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