Today Cboe announced that it acquired cryptocurrency startup ErisX, which will become part of a new division CBOE Digital. Chicago-based ErisX built a digital asset spot market, a CFTC regulated futures exchange and a CFTC regulated clearing house.
“We believe our acquisition of ErisX, coupled with broad industry participation and support, will help us bring the regulatory framework, transparency, infrastructure and data solutions of traditional markets to the digital asset space,” said Ed Tilly, Chairman, President and CEO of Cboe Global Markets.
This isn’t Cboe’s first foray into the crypto sector. At the height of the 2017 boom, it launched Bitcoin futures. But after the market crashed, it dropped them in March 2019. Meanwhile, CME’s futures had attracted a bigger audience, and Cboe’s withdrawal made it more viable. And then there’s this week’s launch of the first Bitcoin ETF from Proshares, based on CME futures.
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