Cboe Acquires ErisX in Return to Crypto Derivatives Market

Cboe Acquires ErisX in Return to Crypto Derivatives Market
The Chicago Board Options Exchange (Cboe) is acquiring crypto spot and derivatives marketplace ErisX, the companies announced Wednesday.The move gives Cboe, which was the first U.S. company to launch bitcoin futures in 2017 before later shuttering the product, a new set of crypto derivatives offerings through ErisX’s bitcoin and ether futures products, as well as spot crypto trading.Under the terms of the deal, Cboe will acquire ErisX, which will operate as Cboe Digital, and retain its different subsidiaries. These include Eris Clearing, ErisX’s registered derivatives clearing organization (DCO), Eris Spot Market and Eris Exchange, its registered designated contract market (DCM).…