Cboe to Acquire Crypto Exchange ErisX
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Cboe Global Markets, the owner of the Chicago Board Options Exchange, has announced it has entered into a "definitive agreement" to acquire ErisX, a US-based cryptocurrency spot and futures exchange. The company said in a press release that the acquisition allows it to enter the cryptocurrency market with a focus on robust regulatory compliance, data and transparency.

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"We believe our acquisition of ErisX, coupled with broad industry participation and support, will help us bring the regulatory framework, transparency, infrastructure and data solutions of traditional markets to the digital asset space," said Ed Tilly, Cboe CEO and Chairman.

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While the price of the deal remains undisclosed, Cboe says the transaction is expected to close in the first half of 2022. It is also subject to regulatory approvals and other customary closing conditions, Cboe added.

In May last year, ErisX introduced the first US-based exchange-traded ether (ETH) futures contracts. With the product, investors can access physically delivered futures contracts based on ETH-USD with monthly and quarterly expirations.

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