Cboe Global Markets, Inc. is one of the world’s largest exchange holding companies, while IPC’s Connexus Cloud is a high-performance financial markets cloud solution for data, voice and enterprise communications and compliance with an ecosystem of over 6,600 market participants.

Kevin Carrai, Cboe vice president and global head, market data and access services said: “Cboe was the first global exchange group to launch regulated cryptocurrency futures in the U.S., and we are committed to helping foster a more mature and orderly global marketplace for digital assets. An important part of this effort is efficient and widespread distribution of trade data, to enable investors to make better decisions. To that end, we’re delighted to work with IPC to jump-start this effort.”

IPC offers Connexus Cloud users access to Cboe Bitcoin USD (XBT) futures data from Cboe Futures Exchange, LLC (CFE). XBTSM futures provide a centralised marketplace for participants to trade based on their view of bitcoin prices, gain exposure to bitcoin prices or hedge their existing bitcoin positions. XBT futures are cash-settled contracts based on Gemini's auction price for bitcoin, denominated in U.S. dollars. Gemini Trust Company, LLC (Gemini) is a digital asset exchange and custodian founded in 2014 that allows customers to buy, sell, and store digital assets such as bitcoin, and is subject to fiduciary obligations, capital reserve requirements, and banking compliance standards of the New York State Department of Financial Services.

“Cryptocurrency trading volume continues to grow globally, with analysts projecting it to reach nearly one trillion dollars this year,” said Mike Smith, director global exchange relations management at IPC. “At IPC we are addressing this dynamic, exciting and developing marketplace in which a vast range of investors are increasingly interested in trading, but given the varying offerings and exchange options, seek strong data to inform their participation. By supporting financial market participants with the real-time data and information they need, we are empowering their participation in the growing cryptocurrency market.”