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Clearing Services

From the ground up, Cboe Digital has built an offering specifically to advance institutional development in the digital asset space including;

  • Multiple Accounts and Sub Accounts for individual clients
  • Account activity in CSV On Demand via Client Portal and End of Day via Secure File Transfer
  • Daily and Monthly Statement to stay compliant with U.S. federal and state-level regulations
  • Internal Multi-Level Approvals for Withdrawals

Our clearing services also include Direct Exchange drop copy processes for independent verification of trades through a robust, industry-standard API and the ability for technology providers (with member permission) to route on behalf of member orders via a single FIX session.

Collateral Custodians

Cboe Digital accepts US Dollars and cryptocurrency for purposes of funding both its spot and futures contracts. Below are the custodians at which the relevant collateral will be held when it is posted to Cboe Clear Digital:

Custodian
BitGo Trust Company
BMO Harris Bank, N.A.
US Dollar
--
X
Bitcoin
X
--
Ethereum
X
--
Bitcoin Cash
X
--
Litecoin
X
--
USD Coin
X
--

Accepted Collateral

The below collateral may be accepted to cover the purchase or sale of futures contracts:

Fully Funded Futures Product
Collateral for Long Positions
Collateral for Short Positions
Bitcoin Physical Futures
USD
Bitcoin
Ether Physical Futures
USD
Ether
Cash Settled Bounded Futures
USD
USD

Deposits & Withdrawals

FIAT

Members are able to send FED Wire or send ACH directly to Cboe Digital.

  • Cboe Digital charges $15.00 to process a wire transfer.
  • Funds from ACH Deposits may be held for 5 days to complete processing.

Blockchain

 

Deposits

Cboe Digital does not charge fees for processing deposits of digital assets, but blockchain fees charged by the relevant network may reduce the amount of digital assets received in your account at Cboe Digital when you make a deposit.

Withdrawals

NOTE: Cboe Digital uses the legacy Bitcoin Cash address format

Blockchain Confirmations

Cboe Digital requires the following number of blockchain confirmations before funds are available in the customers account.

Asset Type
Number of Confirmations
BTC
3
ETH
64
BCH
12
LTC
12
USDC
64

Asset Movement Hours

Cboe Digital offers same day movement of assets when the request is received between the following hours here. All other requests will be performed on a best effort or trade date plus one basis.

Codes

Product Cboe Digital Symbol Cboe Digital Clearing Code CFTC Code
BTC
BTC
BTC
BTC
Ether Futures
ETH
ETH
ETH
Ether / Bitcoin Future
ETBT
ETBT
ETBT
Bounded Bitcoin
BB
BB
BB
Bounded Ether
BE
BE
BE
Bounded Ether/Bitcoin
BEB
BEB
BEB