Cboe Global Markets has announced that it will be integrating its digital asset derivatives, currently offered by Cboe Digital, into its existing Global Derivatives and Clearing business as part of a strategic review. The company also revealed its plans to wind down the operations of its Cboe Digital Spot Market asset trading platform in the third quarter of 2024.
Fred Tomczyk, CEO of Cboe Global Markets, stated that these changes are intended to optimize and align the business across different geographies and asset classes, supporting their long-term growth strategy. This development comes after the announcement of the integration of digital asset derivatives into the company’s Global Derivatives and Clearing business and the wind-down of the Cboe Digital Spot Market asset trading platform by 2024.
Cboe Global Markets operates in multiple markets including the U.S., Japan, Europe, Canada, and Australia. Tomczyk had previously mentioned that Cboe was exploring new market opportunities outside the United States as part of their strategy review. The company is scheduled to report its first-quarter results on May 3rd.
