Cboe Global Markets Inc said on Thursday it was in talks with several market participants, including retail brokers and market makers, about taking strategic stakes in its recently acquired digital asset exchange, ErisX, which will be renamed Cboe Digital.
Cboe said potential capital partners include Robinhood Markets Inc, Interactive Brokers, Virtu Financial, Jane Street, Jump Crypto, Optiver, DRW and tastytrade, which is owned by the IG Group.
Chicago-based Cboe said the “soon to be formalized” capital partners will join business partner companies planned to support ErisX, including Fidelity Digital Assets, Galaxy Digital, NYDIG and Webull.
“ErisX was founded with a mission to bring transparent and well-regulated markets for digital assets and we are excited to further accelerate this vision with the growing support of our partner companies,” said Ed Tilly, Chief Executive Officer of Cboe. .
Cboe in May completed the acquisition of U.S. digital asset spot market operator Eris Digital Holdings (ErisX), which also included a regulated futures exchange and regulated clearinghouse, as a cornerstone of its new business. Cboe Digital.
Last month, Cboe said it suffered a $460 million write-down on its purchase of ErisX due to falling cryptocurrency prices.
Cboe announced its intention to acquire ErisX on October 20, when bitcoin’s price rose above $67,000. Since then, digital asset prices have fallen, with bitcoin currently trading in a range of around $20,000 to $25,000.