Miami International Holdings Enters into Alliance to Develop Crypto Derivatives

Miami International Holdings, Inc. (MIH), owner of Miami International Securities Exchange, LLC (MIAX^®), MIAX PEARL, LLC (MIAX Pearl^®), MIAX Emerald, LLC (MIAX Emerald^®), Minneapolis Grain Exchange, LLC (MGEX^TM), and Bermuda Stock Exchange (BSX^TM), and Lukka Inc. (Lukka™) announced  that they have entered into a strategic alliance to jointly develop and launch a suite of proprietary crypto derivatives on MIH exchange platforms based on Lukka-supplied crypto data. The agreement provides MIH with a multi-year global license to use Lukka data to support its exchange-listed crypto derivative product franchise, to be offered for trading on any MIH-owned or affiliated exchange platform. MIH and Lukka anticipate the first products to be launched will include cash-settled Bitcoin and Ether futures and options, to be listed on MGEX via the CME Globex^â trading platform, subject to regulatory approval. Subsequent products expected to be listed will include Bitcoin Volatility (BitVol) and Ether Volatility (EthVol) futures and options, subject to regulatory approval. BitVol and EthVol futures and options will leverage the same volatility calculation methodology as the SPIKES^â Volatility Index (index symbol: SPIKE) products, powered by MIAX partner T3 Indexes, further rounding out the suite of MIAX proprietary volatility products.