Some of the largest stock exchanges in North America are making moves towards getting approval for trading derivatives of Bitcoin.

‍What’s happening:‍

• The Nasdaq and the New York Stock Exchange have both announced new plans to launch Bitcoin trading derivatives such as Bitcoin futures and options
  

The big idea:‍

• Nasdaq and the New York Stock Exchange are seeking regulatory approval from the United States Securities Exchange and Commission to be able to launch trading derivatives of Bitcoin
  
• Now that spot Bitcoin ETFs are listed on major stock exchanges in the United States, rolling out options and futures trading around Bitcoin will enable more trading volume from both retail and institutional investors speculating on the price movements of Bitcoin
  

Why it matters:‍

• The potential rollout of Bitcoin derivatives trading is yet another sign of the growing overlap between traditional public markets and digital assets, which has been quickly accelerating since the launch of spot Bitcoin ETFs and spot Ethereum ETFs on major stock exchanges in the United States
  

Going deeper:‍

• The Cboe Exchange also recently filed an application with the United States Securities and Exchange Commission to be able to list both Bitcoin and Ethereum options, which is aiming to play off of the growing demand for spot Ethereum ETFs
  

The intrigue:‍

• The Cboe Exchange previously launched an official partnership with subsidiary of the London Stock Exchange Group the FTSE Russell to collaborate on a variety of Bitcoin and Ethereum derivates to launch to investors in the United Kingdom

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