Cboe Global Markets

Overview of Cboe

Cboe Global Markets, founded in China around 1-2 years ago, operates without valid regulation, raising potential risks for users. It offers data and trading products for 30+ cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and more. The highest-priced cryptocurrency is BTC at around $25,000, followed by ETH at $1,600 and LTC at $65. Leading trading volumes belong to BTC, ETH, and Tether (USDT). BTC boasts a market cap of $400 billion, ETH $200 billion, and USDT $70 billion. To open an account, visit their website, provide personal details, create credentials, complete KYC, and await confirmation. Fees range from $0.30 to $0.003 per contract, with a $100 monthly maintenance fee. Payment methods include bank wire, ACH, credit/debit cards, PayPal, Skrill, and Neteller. Cboe's customer support is accessible at cboe2022jiayou@gmail.com for assistance in English.

Pros and cons

Cboe Global Markets, with a history since 1973, brings experience to its operations. It offers lower maker fees compared to certain peers and supports diverse deposit and withdrawal methods. The platform provides various trading options and order types. However, the absence of regulation and the presence of a $15 wire transfer fee are drawbacks. Additionally, there's no cryptocurrency rewards program and trading cannot be conducted anonymously. Notably, Cboe has discontinued its cryptocurrency trading services.

Regulatory Authority

Cboe operates without valid regulation, posing potential risks. Be cautious when engaging with this unregulated exchange.

Security

Cboe Global Markets does not provide specific information regarding its security measures.

Cryptocurrencies Available

Cboe offers data and trading products for 30+ cryptocurrencies, including:

• Bitcoin (BTC)

• Ethereum (ETH)

• Litecoin (LTC)

• Ethereum Classic (ETC)

• EOS (EOS)

• Dash (DASH)

• Bitcoin Cash (BCH)

• XRP (XRP)

• Tether (USDT)

• Cardano (ADA)

• Solana (SOL)

• Terra (LUNA)

  The prices of the cryptocurrencies on Cboe range from a few cents to tens of thousands of dollars. Bitcoin (BTC) has the highest price of around $25,000, followed by Ethereum (ETH) at around $1,600 and Litecoin (LTC) at around $65. The cryptocurrencies with the highest trading volume are Bitcoin (BTC) at over 200 billion, Ethereum (ETH) at over 100 billion, and Tether (USDT) at over 80 billion. The cryptocurrencies with the highest market cap are Bitcoin (BTC) at over $400 billion, Ethereum (ETH) at over $200 billion, and Tether (USDT) at over $70 billion.

  

How to open an account？

The detailed registration process for Cboe Global Markets is as follows:

1. Visit the Cboe website and click on the “Register” button to start the registration process.

2. Provide your personal information, including your full name, email address, and contact details.

3. Create a username and password for your Cboe account. Make sure to choose a strong password to enhance security.

4. Verify your email address by clicking on the verification link sent to the email you provided during registration.

5. Complete the KYC (Know Your Customer) process by submitting the required identification and verification documents as requested by Cboe.

6. Wait for the confirmation email from Cboe regarding the successful completion of your registration process. Once received, you can proceed with accessing and using your Cboe account.

Fees

Cboe charges a base fee of $0.30 per contract for takers and $0.009 per contract for makers for cryptocurrency trading. There is also a maintenance fee of $100 per month for each exchange account.

Payment Methods

Cboe does not charge fees for processing deposits of digital assets, but blockchain fees charged by the relevant network may reduce the amount of digital assets received in your account at Cboe Digital when you make a deposit.

For fiat deposits, Cboe charges a $15.00 fee to process a wire transfer. Funds from ACH Deposits may be held for 5 days to complete processing.

There are no fees for withdrawing digital assets from your Cboe Digital account. However, blockchain fees charged by the relevant network may apply.

For fiat withdrawals, Cboe charges a $25.00 fee to process a wire transfer.

Customer Support

Customer support for Cboe can be reached at cboe2022jiayou@gmail.com for assistance.

Compare to Other similar Brokers

Cboe offers around 30+ cryptocurrencies and charges a Maker fee of $0.009/contract and Taker fee of $0.30/contract. In comparison, Coinbase supports over 100+ cryptocurrencies and charges Maker: 0.40%, Taker: 0.50% fees, while Binance offers 500+ cryptocurrencies with Maker: 0.10%, Taker: 0.10% fees, and Kraken supports 50+ cryptocurrencies with Maker: 0.16%, Taker: 0.26% fees. Cboe requires a $2,500 minimum account balance, while Coinbase and Binance have no minimum. Coinbase and Binance offer various sign-up and referral bonuses, while Cboe and Kraken currently do not have promotions.

Is Cboe a Good Exchange for You？

Based on the information available, Cboe Global Markets may be suitable for the following trading groups:

1. Experienced Traders: Cboe's long history and experience in the financial markets may attract experienced traders who value a reputable and established exchange.

2. Traders Focusing on Traditional Assets: As Cboe currently does not offer cryptocurrencies for trading, traders who prefer to focus on traditional assets like stocks, options, and futures may find Cboe suitable. This target group may appreciate the range of financial instruments and investment opportunities available.

3. Traders Seeking a Long-Term Investment Approach: With Cboe's history and experience, it may attract traders who have a long-term investment approach. These traders may value stability and longevity in an exchange, as well as the potential access to a diverse range of financial products.

Conclusion

In conclusion, Cboe Global Markets, operating without valid regulation in China for the past 1-2 years, presents potential risks due to its lack of regulatory oversight. The platform offers trading products for a range of cryptocurrencies, but detailed security information is limited. While it provides a diverse array of payment methods for deposits and withdrawals, associated fees may apply. The exchange's fee structure for cryptocurrency trading varies based on volume tiers, along with additional maintenance fees. Customer support can be reached for assistance.

FAQs

Q: Is Cboe Global Markets regulated？

A: Cboe operates without valid regulation, which poses potential risks. Be cautious when engaging with this unregulated exchange.

Q: Which cryptocurrencies are available on Cboe？

A: Cboe offers trading for 30+ cryptocurrencies including BTC, ETH, LTC, and ADA. Prices range from cents to tens of thousands of dollars.

Q: How do I open an account on Cboe？

A: To register with Cboe, visit their site, provide personal info, create a strong password, verify email, complete KYC, and await confirmation.

Q: What are the trading fees on Cboe？

A: Cboe charges varied fees based on volume for cryptocurrency trading, with base fees for takers and makers. There's a $100 monthly maintenance fee.

User Review

User 1:

I've been using Cboe for a while now and overall, I think it's a decent exchange. Security is one of the things that attracted me to Cboe. The interface is user-friendly and easy to navigate, making it convenient for me to trade. However, I do wish they had more cryptocurrencies available for trading. As for customer support, it could be improved. Sometimes it takes a while to get a response, and that can be frustrating. In terms of fees, they are competitive compared to other exchanges I've used. Overall, Cboe is a reliable option, but there are areas where it could be better.

User 2:

I recently started using Cboe and so far, I'm pretty satisfied. The regulatory compliance is a big plus for me. The liquidity is also impressive, making it easy to execute trades quickly. The customer support has been responsive and helpful whenever I've had any issues. I also appreciate the transparent fee structure, which helps me plan my trades better. One area where Cboe could improve is in terms of the cryptocurrencies available. I wish they had a wider selection to choose from. Overall, I think Cboe is a solid exchange with good security measures and excellent customer support.

Risk Warning

Cryptocurrency exchange investments come with inherent security risks. It is important to be aware of these risks before engaging in such investments. Cryptocurrency exchanges are susceptible to hacking, fraud, and technical glitches, which can result in the loss of funds. It is recommended to choose reputable and regulated exchanges, stay updated on security measures, and be vigilant in detecting and reporting any suspicious activities. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.