- Cboe Global Markets (CBOE, Financial) has migrated its Bitcoin (FBT) and Ether (FET) futures to Cboe Futures Exchange (CFE), centralizing all U.S. futures products onto one platform.
- This move enhances operational efficiency, providing nearly 24x5 trading availability and establishing a direct clearing relationship with Cboe Clear U.S.
- The migration is powered by Cboe Titanium, aiming to increase customer access and liquidity in digital asset futures.
Cboe Global Markets, Inc. (CBOE), a leader in derivatives and securities exchanges, has successfully consolidated its Financially Settled Bitcoin (FBT) and Ether (FET) futures onto the Cboe Futures Exchange (CFE) as of June 9, 2025. This strategic move aligns all of Cboe's U.S. futures offerings on a unified technological platform, Cboe Titanium, renowned for its efficiency and seamless trading capabilities.
The integration aims to provide traders with enhanced accessibility and liquidity, allowing almost 24-hour trading, five days a week. The migration strengthens Cboe's position in the global market by offering a more diverse product range on one platform, including the already popular VIX and Cboe FTSE Bitcoin Index futures (XBTF).
FBT and FET futures, introduced in January 2024, continue to be cash-settled based on the Cboe Kaiko Rate Index and remain centrally cleared through Cboe Clear U.S., a CFTC-regulated clearing organization. This establishment of a direct clearing relationship marks a significant step towards expanding Cboe's global clearing capabilities.
"By migrating bitcoin and ether futures to CFE, we expect to improve customer access and liquidity in these products," said Catherine Clay, Global Head of Derivatives at Cboe. "This consolidation leverages our robust technology platform, which facilitates greater innovation and market expansion."
Cboe's migration underscores its commitment to building a comprehensive multi-asset trading ecosystem, positioning itself as a leading force in digital asset derivatives.
