Cboe Digital Migration

Cboe Digital futures contracts migrating to Cboe Futures Exchange.

Overview

Cboe is migrating the digital asset futures currently listed on Cboe Digital Exchange, LLC (CDE) from CDE to Cboe Futures Exchange, LLC (CFE). Effective on trade date Monday, June 9, 2025, subject to regulatory review, CDE plans to transfer its financially-settled margin futures on Bitcoin (FBT) and on Ether (FET) to CFE. All transactions in FBT and FET futures will continue to clear through Cboe Clear U.S., LLC (CCUS) following the transfer of FBT and FET futures to CFE. 

By focusing on joint collaboration with our customers, Cboe has a successful track record of completing seamless technology integrations. The CDE, CFE and CCUS teams are committed to working alongside you throughout the migration to ensure your preparedness for Day One. 

This webpage will serve as the primary source for information and materials related to the Cboe Digital migration, including product specifications, technical specifications, a planned timeline and the latest updates. Information regarding clearing through CCUS can be found on the CCUS information page. Information regarding the products that are currently trading on CDE can be found on the Cboe Digital Products page.

More detailed information regarding the migration of these products from CDE to CFE can be found here.  

Cboe Digital Migration Roadmap

TARGET DATE*
MILESTONE
March 10, 2025

CFE Certification Testing available for Clients

Replay the WebcastClick here to register
May 10, 2025

CFE Production Weekend Test 1

Replay the WebcastClick here to register
June 7, 2025

CFE Production Weekend Test 2

Replay the WebcastClick here to register

We are committed to keeping you updated on our integration progress to align the collective products and resources of CBOE and Bats to better serve our valued customers.

*While target dates are subject to change and regulatory review, any updates will be communicated to TPHs via email, on the Cboe (cboe.com and markets.cboe.com) websites and on this webpage.

* The Go Live is subject to regulatory review. All target dates and plans are subject to change. Any updates will be communicated via email and on this webpage.

Product Specifications

Draft FBT Contract Specifications (as of December 20, 2024)

Draft FET Contract Specifications (as of February 14, 2025)

Technical Specifications

For all CFE documents, please refer to Cboe U.S. Futures Technical Specifications.

For all CCUS documents, please refer to Cboe Digital Technical Documentation.

Notices

To view the latest notices please visit the following pages:
Cboe Clear US - Clearing Notices
Cboe Digital Exchange - Market Notices
Cboe Futures Exchange - Market Notices

Provide Feedback

You are encouraged to contact our teams, CCUS Operations or CFE Trade Desk with any questions or feedback. Customer demand will be taken into account as decisions are made, so your feedback is critical in creating a marketplace that best serves your needs.