Cboe Clear Europe adds crypto ETPs to its clearing service
02 May 2025 Europe
Image: Alex Yeung/stock.adobe.com
Cboe Clear Europe has expanded its clearing services to include cryptocurrency-backed exchange-traded products (ETPs).
The company says that ETPs that are eligible for clearing must meet specific criteria based on market capitalisation, as well as underlying asset availability. This includes product types such as Bitcoin, Ethereum, and Tether.
Vikesh Patel, president of Cboe Clear Europe, comments: “We are excited to broaden our clearing capabilities to encompass crypto-backed ETPs, marking another milestone in our mission to become a leading multi-asset class CCP in Europe.
“We’re looking forward to enhancing the ability of investors to access this evolving asset class through a highly regulated, trusted and proven market structure framework.”
The company says that ETPs that are eligible for clearing must meet specific criteria based on market capitalisation, as well as underlying asset availability. This includes product types such as Bitcoin, Ethereum, and Tether.
Vikesh Patel, president of Cboe Clear Europe, comments: “We are excited to broaden our clearing capabilities to encompass crypto-backed ETPs, marking another milestone in our mission to become a leading multi-asset class CCP in Europe.
“We’re looking forward to enhancing the ability of investors to access this evolving asset class through a highly regulated, trusted and proven market structure framework.”
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