Cboe consolidates bitcoin and ether futures trading

CHICAGO - Cboe Global Markets, Inc. (CBOE:CBOE), a financially robust exchange operator with a "GOOD" health score according to InvestingPro, announced today the migration of its bitcoin and ether futures from the Cboe Digital Exchange to the Cboe Futures Exchange (CFE). This move, effective today, brings all of Cboe’s U.S. futures products onto a single platform, utilizing a shared technology infrastructure expected to enhance customer access and efficiency. With a strong current ratio of 1.6 and consistent dividend growth for the past decade, Cboe demonstrates the financial stability needed to execute such strategic initiatives.

The Financially Settled Bitcoin (FBT) and Financially Settled Ether (FET) futures, which debuted on the Cboe Digital Exchange in January 2024, are based on the Cboe Kaiko Rate Index. They join CFE’s product lineup, including the Cboe FTSE Bitcoin Index Futures, and will continue to be centrally cleared through Cboe Clear U.S., a Commodity Futures Trading Commission (CFTC)-regulated clearing organization. This central clearing arrangement is intended to bolster Cboe’s global clearing capabilities, supported by the company’s strong liquidity position and robust cash flows.Want deeper insights into Cboe’s financial strength and growth potential? InvestingPro offers exclusive access to 10+ additional ProTips and comprehensive financial analysis.

Cboe’s FBT and FET futures will maintain the same contract specifications and trading symbols post-transfer. They are available for nearly 24-hour trading from Monday to Friday, allowing investors extended hours to manage their bitcoin and ether exposure.

The company emphasizes that the migration to CFE, powered by Cboe Titanium technology, will provide customers with a robust platform known for its resilience and ability to facilitate nearly 24-hour trading. Cboe Titanium is a globally consistent technology platform used across all Cboe’s equities, options, and futures markets.

Cboe Global Markets is a prominent derivatives and securities exchange network, offering a variety of trading, clearing, and investment solutions worldwide. With impressive revenue growth of 15.76% in the last twelve months and a return on equity of 19%, the company continues to demonstrate strong market performance. This migration is part of Cboe’s ongoing efforts to expand its futures ecosystem and enhance its technological offerings. For comprehensive analysis of Cboe’s financial metrics and future growth potential, explore the detailed Pro Research Report available exclusively on InvestingPro.

The information in this article is based on a press release statement from Cboe Global Markets, Inc.

In other recent news, Cboe Global Markets reported strong financial results for the first quarter of 2025, with adjusted earnings per share (EPS) of $2.50, surpassing the forecasted $2.24. The company also achieved a 13% year-over-year increase in net revenue, reaching $565 million. In a separate development, Morgan Stanley downgraded Cboe’s stock rating to Underweight, citing concerns over potential impacts from declining volatility and a reduction in tariffs with China. Conversely, UBS raised its price target for Cboe to $245, maintaining a Neutral rating, following Cboe’s robust first-quarter performance driven by higher non-trading revenues and reduced expenses.

Cboe also announced executive leadership changes, with Dave Howson resigning as Executive Vice President and Global President, effective August 1, 2025. Cathy Clay and Chris Isaacson will take on expanded roles, with Clay overseeing the Cboe Data Vantage business and Isaacson assuming additional responsibilities. Additionally, Cboe disclosed mixed trading volumes for May 2025, with a notable year-over-year increase in multiply-listed options contracts but a decline in futures contracts. These developments highlight Cboe’s ongoing strategic adjustments and financial performance in a dynamic market environment.

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