Cboe Clear Europe has expanded its clearing services to include cryptocurrency-backed exchange-traded products (ETPs).
The expansion follows recent regulatory approval, and forms part of the clearinghouse’s push to become one of Europe’s leading multi-asset class central counterparty clearinghouses (CCPs).
Cboe Clear Europe has said that ETPs set to be eligible for clearing will be subjected to specific criteria based on market capitalisation, as well as underlying asset availability and product types.
Bitcoin, Ethereum, Tether, XRP and BNB are among the product types set to be included in the offering.
“We are excited to broaden our clearing capabilities to encompass crypto-backed ETPs, marking another milestone in our mission to become a leading multi-asset class CCP in Europe,” said Vikesh Patel, president of Cboe Clear Europe.
“As an organisation deeply committed to innovation and collaboration with clients to address their needs, we’re looking forward to enhancing the ability of investors to access to this evolving asset class through a highly regulated, trusted and proven market structure framework.”
The clearinghouse has now said that it will take steps to begin working with the venues that list the eligible products.
Read more – Cboe Clear Europe begins clearing of European Securities Financing Transactions
Expansion of clearing services to cover a variety of assets has been a focus for Cboe Clear Europe in recent months. In March 2025, the clearinghouse announced that it had begun clearing of European Securities Financing Transactions (SFTs) in cash equities.
The service was the first-of-its-kind to be offered and is expected to transform the bilateral process for SFTs for these asset classes into a centrally cleared model.