Cboe to launch new cash-settled bitcoin options

[Japinat]

https://www.marketwatch.com/story/cboe-to-launch-new-cash-settled-bitcoin-options-dc96beed

Traders will soon have another option for trading option contracts linked to the price of bitcoin.

Cboe Global Markets announced on Friday that it’s planning to launch the first cash-settled index options tied to the pioneering cryptocurrency shortly after the Thanksgiving holiday. The new contracts are expected to begin trading on Dec. 2, according to a press release.

The contracts won’t track the price of bitcoin directly. Instead, they will be based on the Cboe Bitcoin U.S. ETF Index. The index was designed by Cboe to track the prices of several spot bitcoin exchange-traded funds on a modified market-cap-weighted basis. The gauge should be closely correlated with the actual spot price of bitcoin, however.

Okay, what is Cboe Global Markets and what does it offers...?

Cboe Global Markets, Inc., established in 1973, is a leading American company specializing in market infrastructure and tradable products. It operates several exchanges, including the Chicago Board Options Exchange (CBOE) and BATS Global Markets.

Cboe offers a diverse range of financial products and services:

Options and Futures: Provides trading platforms for various options and futures contracts.

Equities: Operates stock exchanges facilitating equity trading.

Foreign Exchange (FX): Offers platforms for currency trading.

Digital Assets: Engages in the cryptocurrency market, including plans to launch cash-settled Bitcoin options.

Your thougts on this friends...

[tread93]

https://www.marketwatch.com/story/cboe-to-launch-new-cash-settled-bitcoin-options-dc96beed

Traders will soon have another option for trading option contracts linked to the price of bitcoin.

Cboe Global Markets announced on Friday that it’s planning to launch the first cash-settled index options tied to the pioneering cryptocurrency shortly after the Thanksgiving holiday. The new contracts are expected to begin trading on Dec. 2, according to a press release.

The contracts won’t track the price of bitcoin directly. Instead, they will be based on the Cboe Bitcoin U.S. ETF Index. The index was designed by Cboe to track the prices of several spot bitcoin exchange-traded funds on a modified market-cap-weighted basis. The gauge should be closely correlated with the actual spot price of bitcoin, however.

Okay, what is Cboe Global Markets and what does it offers...?

Cboe Global Markets, Inc., established in 1973, is a leading American company specializing in market infrastructure and tradable products. It operates several exchanges, including the Chicago Board Options Exchange (CBOE) and BATS Global Markets.

Cboe offers a diverse range of financial products and services:

Options and Futures: Provides trading platforms for various options and futures contracts.

Equities: Operates stock exchanges facilitating equity trading.

Foreign Exchange (FX): Offers platforms for currency trading.

Digital Assets: Engages in the cryptocurrency market, including plans to launch cash-settled Bitcoin options.

Your thougts on this friends...

Was also looking this up online and found this below quote to be informative, the trendline is showing positive for crypto!

"The move is part of a broader trend of integrating cryptocurrency-related securities into traditional financial markets."

https://www.benzinga.com/markets/cryptocurrency/24/11/42145634/cboe-to-launch-cash-settled-bitcoin-index-options

[Ziskinberg]

I’d say this is great news, especially since we’re talking about a billion-dollar company here.

We can check their marketcap.
https://www.macrotrends.net/stocks/charts/CBOE/cboe-global-markets/market-cap

Cboe Global Markets market cap history and chart from 2010 to 2024. Market capitalization (or market value) is the most commonly used method of measuring the size of a publicly traded company and is calculated by multiplying the current stock price by the number of shares outstanding. Cboe Global Markets market cap as of November 22, 2024 is $22.33B.

So it’s really happening, bit by bit, we’re seeing more good news about institutional investors diving into Bitcoin. This is exactly what pro-Bitcoin regulation can achieve. Honestly, I wouldn’t be surprised if we hear even more big updates before the year ends. Either way, this is a huge win for the Bitcoin market.