Cboe Global Markets Announces Planned Equity Partners for Cboe Digital Business

 Cboe Global Markets, Inc. announced the initial group of firms that intend to become equity investors in the Cboe Digital business. Cboe's advanced discussions with potential equity partners involve a broad and diverse range of market participants, including leading retail and institutional intermediaries, liquidity providers and brokers. These firms include B2C2, DRW, GSR, Hidden Road, IMC, Interactive Brokers, Jane Street, Jump Crypto, Optiver, Robinhood, tastytrade and Virtu Financial. The soon to be formalized group of equity partners join a roster of planned commercial partner firms supporting the ErisX business, which is expected to be renamed Cboe Digital, including Fidelity Digital AssetsSM, Galaxy Digital, NYDIG and Webull among others. Together, subject to the execution of definitive documents, these firms have committed to ongoing engagement with the business and building of Cboe Digital markets. As part of its operation of ErisX and the Cboe Digital business, Cboe plans to form a Digital Advisory Committee comprised of a cross-section of equity and commercial partner firms. On May 2, 2022, Eris Digital Holdings, LLC , an operator of a U.S. based digital asset spot market, a regulated futures exchange and a regulated clearinghouse, was acquired by Cboe. ErisX operates as a subsidiary of Cboe Global Markets and serves as the cornerstone of the new Cboe Digital business. As part of Cboe Digital, Cboe is operating the existing spot, derivative and clearing platforms of ErisX, and has plans to develop and distribute a range of digital asset data products, subject to regulatory approval. Using market data based fundamentally on actionable bid and offer prices from the spot crypto market, Cboe Digital plans to develop a benchmark data stream to help market participants evaluate the appropriateness of crypto execution prices. 

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