Finance
Share this article

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.

By Michael Bellusci
Updated May 11, 2023, 6:46 p.m. Published Jun 8, 2022, 5:17 p.m.
MIH and Lukka signed a deal for crypto derivatives. (© Krunja/Getty images)
MIH and Lukka signed a deal for crypto derivatives. (© Krunja/Getty images)

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$70,413.42 and ether ETH$2,067.21 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

STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
By signing up, you will receive emails about CoinDesk products and you agree to our terms & conditions and privacy policy.

RegulatorsDerivativesFuturesMarketsMiamiVolatility

More For You

Accelerating Convergence Between Traditional and On-Chain Finance in 2026?

By CoinDesk
Jan 30, 2026
logo
Commissioned bySociete Generale-FORGE

Read full story

More For You

Wall Street giant Apollo deepens crypto push with Morpho token deal

By Krisztian Sandor|Edited by Nikhilesh De
1 hour ago
Statue of Apollo (Boston Public Library/Unsplash)

The asset manager overseeing more than $900 billion assets may buy up to 90 million MORPHO tokens as part of a partnership to support DeFi credit market, it said.

What to know:

  • Apollo Global Management struck a cooperation agreement to support lending markets built on Morpho’s onchain protocol.
  • The deal allows Apollo to acquire up to 90 million MORPHO tokens over 48 months.
  • The move follows BlackRock's push into decentralized finance earlier this week, listing its tokenized fund and buying tokens of decentralized exchange Uniswap.
Read full story