CME Group launches options on Ether futures
New options build upon the group’s existing crypto product suite, which includes Bitcoin and micro-sized Bitcoin options.
New options build upon the group’s existing crypto product suite, which includes Bitcoin and micro-sized Bitcoin options.
Both banks have seen senior traders depart for digital asset start-ups in recent weeks, as the crypto exodus continues.
Incoming chief brings considerable experience to the firm, having previously served at Morgan Stanley and Goldman Sachs over the last decade.
The firm assisted its customers and CME in completing the trades on market open on 28 August.
The technology collaboration will allow Digitra.com to grow and build new features as it looks to expand to an additional 50 asset classes and coins by the end of the year.
New partners are expected to make up a Digital Advisory Committee which will work with Cboe on client-driven solutions to promote the adoption of digital assets.
The derivatives exchange pushing forward its crypto offering with plans to launch options on Ether futures from 12 September, pending regulatory review.
Launch will allow Paradigm users to trade the spread between spot, perpetuals and futures instruments, with guaranteed atomic execution and clearing of both legs on FTX.
The move will allow abrdn to offer clients new investment opportunities through digital securities.
Hedge fund Brevan Howard, which recently launched its own digital assets division, was among the participants involved in the fundraising.