The Chicago Board Options Exchange (CBOE) has recently announced it has plans to launch a new investment product in the second quarter of 2021, according to CoinDesk.
Specifically, the platform plans to launch cryptocurrency indexes in the second quarter of next year, which will contribute to the adoption of cryptocurrencies.
CBOE reportedly plans to launch a suite of tools in 2021 in partnership with execution provider CoinRoutes.
If CBOE's plans become a reality, it would become the last company in the financial sector to join the crypto data business. On December 3 S&P revealed its plans to launch a crypto index, while a week later it announced it had invested in Lukka, the company that will allow it to roll out this product.
According to Catherine Clay, CBOE's information solutions chief, the company will initially focus on providing data for a few large market-cap cryptos, probably 10 or less trading pairs, such as Bitcoin and Ether against the US dollar.
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