Crypto

Cowen Digital officially launched in March last year but had been in the works since early 2021 as institutional investors began increasingly eyeing digital assets.

With this move, Eurex has become the first exchange to offer bitcoin index futures in Europe.

Panellists highlighted the need for increased regulation within the asset class, while noting the need to work with existing workflows and processes to help with mass adoption.

Hidden Road’s clients will now have access to Crossover’s CROSSx, which is designed to decrease trading costs, improve execution quality and enhance market data capabilities.

The businesses are set to launch the institutional-grade trading infrastructure and custody services for CoinShares.

The bank launched the visual structuring tool for FX as part of its Marquee platform in September last year; todays expansion includes new machine learning capabilities.

The two firms will provide clearing on cash-settled digital asset index derivatives with launch expected in Q4 2023.

New futures will be traded in EUR and USD, providing trusted access to cryptocurrencies in a regulated market through Eurex.

The startup will build a central counterparty for digital assets which will allow for more streamlined transactions, an increase in capital efficiency and a reduction of risk for all participants.

Acuiti’s latest report found that nearly 50% of surveyed participants were concerned with counterparty risk, compared to 31% for operational risk, 13% for liquidity risk and only 6% for market risk.