Cboe announced that it has acquired Eris Digital Holdings. Cboe plans to operate in the digital asset business, securing the support of a range of market participants to form a Digital Advisory Committee to advise Cboe with the development of the new spot and derivative markets
Ed Tilly, Chairman, President and CEO of Cboe Global Markets stated, “We believe our acquisition of ErisX, coupled with broad industry participation and support, will help us bring the regulatory framework, transparency, infrastructure and data solutions of traditional markets to the digital asset space. ErisX has shown an unwavering commitment to improving spot and derivatives crypto trading, and I am confident that together we can not only meet the growing demand for institutional and retail trading solutions but also push the boundaries of digital asset innovation and unlock its next phase of growth”
Cboe intends to take advantage of real-time, risk and derived data and globalization to provide a view into the digital asset market.
Doug Cifu, Co-Founder and CEO of Virtu Financial stated, “”As a global market maker and execution services provider, we have first-hand experience with how Cboe’s technological expertise and operational excellence can enhance markets. Cboe’s entry into the digital asset space leverages its impressive track record of bringing competitive technology and innovative solutions to regulated markets.”