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1.61%Miami International Holdings, Lukka Form Pact in Plan to Launch Crypto Derivatives
The companies seek to launch cash-settled bitcoin and ether futures and options, pending regulatory approval.
Miami International Holdings (MIH), owner of the Miami International Securities Exchange, entered a pact with blockchain data firm Lukka to launch crypto derivatives.
- The deal gives MIH a multiyear license to use Lukka data for its crypto derivative products. The initial suite – including cash-settled bitcoin (BTC) and ether (ETH) futures and options – is expected to be listed on the MIH-owned Minneapolis Grain Exchange (MGEX) via CME's Globex trading platform.
- Subsequent products – naturally subject to regulatory approval – will include Bitcoin Volatility (BitVol) and Ether Volatility (EthVol) futures and options, said the company.
- "Our strategic alliance with Lukka allows us to leverage its institutional-grade crypto data to develop proprietary products in the U.S. and international regulatory frameworks that meet the emerging needs of the crypto-asset ecosystem," Thomas Gallagher, CEO of MIH said.
Read more: Blockchain Data Startup Lukka Reaches $1.3B Valuation
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Michael Bellusci
Michael Bellusci is a former CoinDesk crypto reporter. Previously he covered stocks for Bloomberg. He has no significant crypto holdings.
