Cboe Digital’s integrated exchange and clearing technology platform, licenses and operations enable us to offer services to 3rd parties that have innovative commercial ideas that require regulated market infrastructure. By working with Cboe Digital, businesses can reduce their time to market, up front costs, and trust that they are working with a professional team and world-class infrastructure.
For innovators that have ideas for unique derivatives contracts, but don’t want to go to the trouble and expense of launching a new exchange just to list their contract, Cboe Digital can list contracts on its Designated Contract Market (DCM), licensed by the Commodity Futures Trading Commission (CFTC).
For entrepreneurs starting a new derivatives exchange, Cboe Digital can offer clearing services to Designated Contract Markets (DCMs) licensed by the Commodity Futures Trading Commission (CFTC).
Cboe Clear Digital features TCS™ technology and Derivatives Clearing Organization (“DCO”) license from the CFTC, and has several important distinctions and capabilities not presented with all DCOs. Cboe Clear Digital can clear fully-collateralized futures and swaps related to cryptocurrencies as well as contracts on all other commodities. Also, it is a reliable, web-based clearing engine designed to meet institutional requirements with real-time segregation balances no other DCO can boast.
For crypto firms that want to do business in New York state, and appreciate that the licensing process can take some time, Cboe Digital may be able to provide access to a provisional BitLicense by sponsoring a firm to operate under New York’s virtual currency regulatory regime.
Cboe Clear Digital, LLC has secured a virtual currency license (also known as a BitLicense) from the New York State Department of Financial Services (NYDFS). Cboe Clear Digital is the clearing and settlement arm of the Cboe Digital platform for spot and regulated futures on cryptocurrencies.
For more information about how we can help you list, clear or offer your products to the general public; please email [email protected].