Cboe Digital expects investment from Robinhood, Interactive Brokers, Virtu (BATS:CBOE)


Scott Olson

An initial group of companies that intend to become equity investors in Cboe Global Markets’ (BAT: CBOE) digital business includes Robinhood (HOOD), Interactive Brokers (IBKR), Virtu Financial (VIRT), B2C2, DRW, GSR, Hidden Road, Jane Street, Jump Crypto, Optiver, IMC and tastytrade, Cboe said Thursday.

“Through their equity participation, each company will directly benefit from ErisX and Cboe Digital’s growth and close strategic and business alignment from day one,” Cboe (CBOE) said in a statement.

Investors will take minority stakes that will support the development of ErisX, an operator of a US-based digital asset spot market, futures exchange and clearinghouse that will be renamed Cboe Digital . Its planned business partners include Fidelity Digital Assets, Galaxy Digital, NYDIG and Webull, among others.

As part of this plan, Cboe (CBOE) intends to form a Digital Advisory Board comprised of partner and commercial companies. The committee will advise Cboe on the development of ErisX’s spot and derivatives markets, and the digital asset space generally.

Cboe (CBOE) acquired Eris Digital Holdings, an operator of a US-based digital asset spot market, regulated futures exchange and regulated clearinghouse, on May 2, 2022.

Cboe (CBOE) stocks have increased by 0.6% in the Thursday mid-morning exchanges.

In July, Cboe (CBOE) raised its outlook for 2022 net sales growth after second-quarter revenue beat consensus


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