Categories: Business

Cboe Global Markets Integrates Digital Asset Derivatives, Plans to Wind Down Spot Market Platform

Cboe Global Markets, a leading exchange operator, announced on Thursday that it will be integrating its digital asset derivatives, currently offered by Cboe Digital, into its existing Global Derivatives and Clearing business as part of a strategic review. The company also revealed its plans to wind down the operations of its Cboe Digital Spot Market asset trading platform in the third quarter of 2024.

Fred Tomczyk, chief executive officer of Cboe Global Markets, stated that these changes are intended to enable greater optimization and strategic alignment for the business across different geographies and asset classes, supporting their long-term growth strategy. Tomczyk had previously mentioned that Cboe, with operations in the U.S., Japan, Europe, Canada, and Australia, was exploring the possibility of launching operations in new markets outside the United States as part of their strategy review.

Cboe Global Markets is scheduled to report its first-quarter results on May 3. This development comes after the announcement of the integration of digital asset derivatives into the company’s Global Derivatives and Clearing business and the wind-down of the Cboe Digital Spot Market asset trading platform by 2024.

Aiden Johnson

As a content writer at newspoip.com, I have a passion for crafting engaging and informative articles that captivate readers. With a keen eye for detail and a knack for storytelling, I strive to deliver content that not only informs but also entertains. My goal is to create compelling narratives that resonate with our audience and keep them coming back for more. Whether I'm delving into the latest news topics or exploring in-depth features, I am dedicated to producing high-quality content that informs, inspires, and sparks curiosity.

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