In the field of blockchain, CBOE desires to join it. Cboe Financial Markets, in collaboration with CoinRoutes, aims to deliver a set of products comprising crypto indices, real-time ticks, and historical data before the end of next year’s first quarter. Catherine Clay, Cboe Global Markets’ Vice President and Head of Information Solution, stated,

“Together, we can help bring transparency to the asset class and its market models by using RealPrice data to potentially create indices and tools that help clients better understand cryptocurrencies and encourage their participation in a nascent market.”

As Bitcoin proceeds to surge, 175% YTD just blew straight past the record peak, touching $20,800, and companies jumped into this trend together with the rest of the crypto sector. 

All on Bitcoin is long, and S&P 500 announced its cryptocurrency index ambitions via Lukka in early 2021 earlier in the month. 

Now with the booming digital currency sector, Cboe needs to offer details.Intriguingly, in December 2017, at the high point of the last bull run, Cboe decided to introduce Bitcoin futures, alongside CME.But only in March 2019 to shut the bitcoin futures down. 

Cboe Plans to Launch Cryptocurrency Indexes in Q2 2021 - CoinDesk

Still, while evidently their institutional interest in digital currency never diminished, Cboe  aims to go back in.

With CoinRoutes, a New York-based exchange tech company, Cboe has reached an exclusive license agreement. 

Cboe is one of the major stock exchange providers in the US, primarily with its real-time index results, seeking to achieve a client base of at least thousands and eventually extend it to an international market. CoinRoutes Chief Revenue Officer, Michael Holstein, stated,

“We believe existing arbitrarily weighted indices that do not take into account the different fees or actual liquidity available on crypto exchange platforms do not represent the true cost of buying or selling a given cryptocurrency.”


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