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Spil more and more investors seek exposure to digital assets, exchanges are racing to catch up.
CBOE Holdings announced Wednesday a partnership to use trading gegevens from Gemini Trust, the virtual-currency exchange founded by Cameron and Tyler Winklevoss, to power bitcoin derivatives and indices.
CBOE has 14 trading venues, including the largest options exchange te the US and the largest stock exchange ter Europe. It’s also the second-largest stock exchange technicus te the US, and is huis to the CBOE Volatility Index (VIX Index), known spil the stock market fear index.
Under the agreement – which still has to be approved by the CFTC – CBOE would use Gemini price gegevens on bitcoin, ethereum and other digital assets to create fresh indices for traders spil soon spil next year.
If approved, it could bring more regulation and stability to the largely unregulated cryptocurrency ecosystem. The SEC previously rejected a bitcoin ETF proposed by the Winklevoss twins te March.
“Wij very much look forward to responding to the growing rente ter cryptocurrencies through the creation of bitcoin futures traded on a regulated derivatives exchange with the many expected benefits that this brings, including transparency, price discovery, deep liquidity and centralized clearing,” said CBOE Holdings Chairman and CEO Ed Tilly said ter a release.
Rente ter cryptocurrencies has risen in-step with bitcoin’s skyrocketing value, which is up almost six-fold ter the last year, and CBOE is not the only exchange that’s interested.
LedgerX, backed by Miami International Holdings, won approval from the CFTC last week for a bitcoin options exchange. CME group also launched a bitcoin index last year, and is presently waiting for patent approval for potencial currency derivatives.
“Gemini’s key concerns ter the cryptocurrency ecosystem have always bot security, compliance, and regulatory oversight,” said Tyler Winklevoss, CEO of Gemini, ter a statement. “By working with the team at CBOE, wij are helping to make bitcoin and other cryptocurrencies increasingly accessible to both retail and institutional investors.”