Cboe Global Markets Refocuses Digital Asset Business

By Tamara Parker • Friday, May 02 15:19 • Permanent Link

Cboe Global Markets, Inc. has recently released its 10-Q report, providing a detailed look at the company's financial performance and operations. Cboe operates through six segments: Options, North American Equities, Europe and Asia Pacific, Futures, Global FX, and Digital. The company's reportable business segments represent strategic business units that offer different products and services across different geographic areas, and its performance is primarily evaluated on operating income.

In the first quarter of 2025, Cboe announced plans to refocus its digital asset business to leverage its core strengths in derivatives, technology, and product innovation. As a result, the company closed the Cboe Digital spot market for all participant and trading purposes. The company also brought Cboe Clear U.S. under unified leadership with the Global Head of Clearing and expects to continue facilitating the clearing of cash-settled margin Bitcoin and Ether futures contracts.

Cboe's business segments include Options, North American Equities, Europe and Asia Pacific, Futures, and Global FX. The Options segment includes options on market indices, equity options, and exchange-traded products. The North American Equities segment covers U.S. equities and exchange-traded product transaction services, while the Europe and Asia Pacific segment includes pan-European listed equities and derivatives transaction services. The Futures segment offers transaction services for VIX futures and other futures products, and the Global FX segment includes institutional foreign exchange trading services.

Cboe's business performance is impacted by various factors, including macroeconomic events, trading volumes, demand for market data, regulatory changes, and geopolitical events. The company's revenues are categorized into cash and spot markets, Data Vantage, and derivatives markets, while its cost of revenues includes liquidity payments, routing and clearing expenses, and other related costs.

Today the company's shares have moved 3.2% to a price of $228.2. If you want to know more, read the company's complete 10-Q report here.

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