{"id":82588,"date":"2023-08-03T16:53:00","date_gmt":"2023-08-03T13:53:00","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=82588"},"modified":"2025-09-12T05:58:58","modified_gmt":"2025-09-12T02:58:58","slug":"crossover-and-cboe-to-develop-a-crypto-clearing-solution","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/crossover-and-cboe-to-develop-a-crypto-clearing-solution\/","title":{"rendered":"Crossover and CBOE to develop a crypto-clearing solution"},"content":{"rendered":"

The institutional-focused trading platform Crossover Markets has agreed with CBOE<\/span> Digital to develop a clearing solution for spot and futures contracts settled in digital assets.<\/p>\n

Crossover’s flagship product is CROSSx \u2014 an electronic trading system for buying and selling cryptocurrencies designed for institutional clients.<\/p>\n

CROSSx will be used by the clearing arm of CBOE Digital Exchange, CBOE Clear Digital.<\/p>\n

\n

“CBOE Clear Digital will deliver operational and technical efficiency, as well as improve collateral management,”<\/em> said John Palmer, president of CBOE Digital.<\/p>\n<\/blockquote>\n

The co-founder of Crossover Markets Brandon Mulvihill said the collaboration would bolster competition in trade execution and reduce trading commissions.<\/p>\n

In April 2022, Crossover Markets Group was founded by former employees of the investment bank Jefferies<\/a>.<\/p>\n

In June 2023, CFTC approved the application<\/a><\/span> CBOE Clear Digital to offer trading of marginable<\/a> futures on Bitcoin and Ethereum.<\/p>\n

In December 2017, CBOE became the first traditional exchange to launch Bitcoin futures, briefly ahead of its rival\u2014the CME<\/span>.<\/p>\n

In June 2019, amid a bear market, the platform removed the product from listing.<\/p>\n

In May 2022, CBOE acquired the regulated crypto platform ErisX<\/a>, renaming it to CBOE Digital Exchange.<\/p>\n","protected":false},"excerpt":{"rendered":"

The institutional-focused trading platform Crossover Markets has agreed with CBOE Digital to develop a clearing solution for spot and futures contracts settled in digital assets.<\/p>\n","protected":false},"author":1,"featured_media":26216,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[712,1156],"class_list":["post-82588","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cboe","tag-institutional-investors-and-whales"],"aioseo_notices":[],"amp_enabled":true,"views":"19","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/82588","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=82588"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/82588\/revisions"}],"predecessor-version":[{"id":82589,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/82588\/revisions\/82589"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/26216"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=82588"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=82588"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=82588"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}