Equity Exchange Network Cboe Global Markets has announced plans for reorganizing trade operations of digital assets, including the elimination of the digital point market.

CBEE said that he would remove digital trade in a derivative of CBOE Digital assets and integrate it with global derivatives and settlements. The CBEE digital point market will be closed in the third quarter of 2024. The stock exchange will transfer the Futures agreement with Bitcoins (BTC) and Ether (ETH) with CBEE Digital Exchange at CBEE Futures Exchange in the first half of 2025, subject to regulatory review and “some corporate approval”.

Cife Cifrem Cleiting Cboe Cloud Digital will be “adapted” to the Cboe Clear Europe under the uniform leadership of the President of Cboe Clear Europe Vikesh Patel. Exchange he said In statement that:

“These changes are introduced as part of the strategic CBOE review, taking into account the lack of regulatory transparency in digital space and comply with the long -term CBEE strategy.”

Cboe Digital offers Bitcoin, Bitcoin Cash (BCH), Ether, USD (USDC) and Litecoin (LTC) coins. The potential status of ETH as security can be a factor of current reorganization.

The stock exchange has noticed that it is enjoying significant saving from closing the digital commercial arm. This called savings from $ 2 million to $ 4 million, which she would experience in 2024 “Imlesserical Impact” for net revenues in 2024, but he added that savings would reach $ 11 million to $ 15 million a year.

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“We expect that we will continue to see more demand on the stock exchange [digital asset] Derivative instruments that will help manage cryptographic exposures, security threats and increasing capital and operational efficiency, “said David Howson, global president of Cboe Global Markets Global Markets.

CBEE has significantly expanded its presence in the digital assets space by taking over Erisx in May 2022, which was led by the Spot market, the march of derivative instruments and the settlement platform and was transformed into CBEE Digital. The time of this contract was unfortunate, because the winter of cryptocurrencies was just around the corner.

In August 2022, CBEE announced an impairment of a company value worth $ 460 million in earning results in the second quarter due to the takeover of Erisx. The impairment of good will is the amount that the company loses from the purchase of assets for an amount greater than the accounting value of the asset component, when the value of this component decreases later. In November 2022 Cboe Digital brought 13 investor partners in business.

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