Cboe completes migration of Cboe Digital Exchange Futures to Cboe Futures Exchange
Cboe Global Markets, Inc. today announced it has successfully migrated its Cboe Digital Exchange futures offerings onto Cboe Futures Exchange (CFE) on June 9, 2025.
With the Financially Settled Bitcoin (FBT) and Financially Settled Ether (FET) futures now listed on CFE, all of Cboe’s U.S. futures products will trade on one exchange, powered by the same leading-edge technology platform. This consolidation adds to CFE’s tradable product suite and potentially provides customers with more seamless access and efficiencies.
The cash-settled FBT and FET futures – which initially launched on Cboe Digital Exchange in January 2024 – are based on the price of the respective Cboe Kaiko Rate Index. The futures will join CFE’s recently launched Cboe FTSE Bitcoin Index Futures, which are cash-settled futures based on the FTSE Bitcoin Reduced Value Index (ticker: XBTF). In addition, FBT and FET futures will be available to trade on a nearly 24×5 basis.
FBT and FET futures will continue to be centrally cleared through Cboe Clear U.S., a CFTC-regulated derivatives clearing organization. Significantly, this will establish a direct clearing relationship between CFE and Cboe Clear U.S., positioning Cboe to further grow its global clearing capabilities. All other U.S. futures listed on CFE will continue to clear through OCC.
Trading on CFE is powered by Cboe Titanium, which powers all of Cboe’s global equities, options and futures markets. Cboe Titanium is a unified and globally consistent technology platform, using common protocols and features across its markets and is designed to offer customers an efficient and seamless experience regardless of where they are in the world. It is also a locally optimized platform enabling potential innovation and customization for each market or asset class such as digital asset futures.
“By migrating the bitcoin and ether futures to CFE, powered by Cboe Titanium technology, customers will be able to leverage the state-of-the-art platform that powers Cboe’s trading across the globe,” said Chris Isaacson, Chief Operating Officer at Cboe. “Cboe Titanium provides immense value to the regulated crypto market as it is built to be resilient, power nearly 24-hour trading and seamlessly handle bouts of volatility. With all of Cboe’s equities and derivatives markets successfully migrated onto one common technology platform, we will look to build on our customer-first approach and strive toward expanding market access and innovation, while growing our global clearing capabilities.”
Contract specifications and trading symbols for FBT and FET futures remain materially the same following the transfer to CFE. Notably, FBT and FET futures are available to trade nearly 24 hours a day, Monday through Friday, providing investors with extended trading hours to help manage bitcoin and ether exposure.