Institutional-focused digital asset company, Crossover Markets Group (Crossover), announced on the 3rd a partnership with US regulatory compliant cryptocurrency exchange, Cboe Digital. Through this collaboration, the two companies aim to jointly operate a clearing solution for cryptocurrency spot and futures trading. This strategic partnership signals an increased interest in institutional-grade infrastructure for digital asset trading.

#CrossoverMarketsGroup #CboeDigital #cryptocurrency #digitalassets #institutionaltrading

#CboeDigital Cboe files amended applications to list Bitcoin, Ethereum options in US

The applications cover ETFs from issuers including Grayscale, iShares, and Fidelity.

Cboe Exchange, a United States securities exchange, filed an amended application to regulators to list options on Bitcoin 

BTC $BTC

$59,410

 and Ether 

ETH $ETH

$2,529

 exchange-traded funds (ETFs), according to two Aug. 28 filings for Bitcoin and Ether options, respectively. 
#TipCreator
According to the documents, the exchange seeks to list options linked to ETH and BTC ETFs issued by asset managers, including Fidelity, 21Shares, Invesco, VanEck, Grayscale, Bitwise, BlackRock’s iShares, and Valkyrie. 
#CryptoFacts
The proposed rule change would categorize the spot cryptocurrency ETFs alongside commodities-based ETFs such as the Goldman Sachs Physical Gold ETF and the iShare Silver Trust as “[s]ecurities deemed appropriate for options trading,” according to exhibits included in the BTC and ETH options filings. 

The news is the latest in a flurry of activity around options on spot cryptocurrencies in the US. On Aug. 27, Nasdaq, another US securities exchange, announced its intention to list Bitcoin options tied to the CME CF Bitcoin Real-Time Index (BRTI), a benchmark for BTC’s spot price. 
#CryptoMarketMoves
In August, the New York Stock Exchange (NYSE) American and Nasdaq International Securities Exchange (ISE) withdrew four applications to the Securities and Exchange Commission (SEC) related to the possible listing of BTC options. On Aug. 8, Cboe withdrew an earlier application to list options on BTC ETFs. 
$BNB
There’s definitely some movement on Bitcoin ETF options,” Bloomberg Intelligence analyst James Seyffart said in an Aug. 8 post on X. “The SEC likely gave some sort of feedback.”
#DOGSONBINANCE
Bloomberg predicts spot BTC options go live in the fourth quarter.

Options are contracts that grant the right to buy or sell — “call” or “put” in trader parlance — an underlying asset at a certain price.