Cboe Finalizes Thirteen Firms Becoming Investor Partners for Digital Business

Cboe Global Markets, Inc., a leading provider of global market infrastructure and tradable products, announced it has completed the syndication of minority equity interests with a group of thirteen firms becoming investor partners in the Cboe Digital business.

The investors represent a broad and diverse range of market participants, including leading retail and institutional intermediaries, liquidity providers and brokers, including B2C2, DRW, Galaxy Digital, GSR, Hidden Road, IMC, Interactive Brokers, Jane Street, Jump Crypto, Robinhood, Susquehanna International Group, tastyworks and Virtu Financial.

"We are pleased to have this group of investor partners joining us as equity owners of Cboe Digital, with many of them already fully onboarded to the Cboe Digital platform and the remainder expected to be completed in the coming months," said John Palmer, President of Cboe Digital. "The time is right for the Cboe Digital model in the digital asset space, and we look forward to leveraging the combined expertise of these firms as we work together to grow, shape and define this asset class to benefit market participants across the globe."

John Deters, Chief Strategy Officer, Cboe Global Markets said: "Together with our partner firms, we will look to explore opportunities across digitization, including discovering new areas of tradable products specific to managing digital asset risk, building new digital technology in a safe and compliant way, and helping craft the future of digital assets with proven market expertise and regulatory experience, which we believe will help the space mature and ultimately grow."

Additionally, as part of its operation of the Cboe Digital business, Cboe plans to form a Digital Advisory Committee comprised of a cross-section of investor and commercial partner firms. The committee will be tasked with advising Cboe on the ongoing development of the Cboe Digital spot and derivatives markets, and more broadly, the digital asset space. Cboe plans to leverage the engagement and collaboration with these market participants to help accelerate growth of Cboe Digital as a resilient, trusted and transparent digital asset venue.