The Cboe Exchange, Inc. has proposed a rule change to update its fees schedule to support listing and trading of options linked to the Cboe Bitcoin U.S. ETF Index and the Cboe Mini Bitcoin U.S. ETF Index. Proposed fees include $0.50 for customer orders and $1.00 for non-customer orders for the Bitcoin ETF Index options and lower fees for the Mini ETF Index options. Standard surcharges, fee programs, and rebates for liquidity providers and market makers are also included in the changes. The proposed incentives aim to encourage liquidity and tighten trading spreads to benefit all market participants.
Simple Explanation
The Cboe Exchange wants to change its prices for trading special options connected to Bitcoin, making it cheaper for some and more expensive for others, hoping that this will help more people trade and get better prices.