Cboe Digital, part of Cboe Global Markets (BATS:CBOE), has launched margined bitcoin (BTC-USD) and ether (ETH-USD) futures and completed its first margined bitcoin futures trade, it said on Friday.

The move comes as "we expect to see greater demand for derivatives to help manage" investors' "crypto exposures, hedge risk and enhance capital and operational efficiencies," said John Palmer, President of Cboe Digital.

The company plans to expand its product suite to include physically delivered products, pending regulatory approval.

Cboe Digital announced in November that it had plans to roll out trading and clearing in margin futures on bitcoin (BTC-USD) and ether (ETH-USD).

Earlier this week, Cboe (CBOE) listed a number of spot bitcoin exchange-traded products after they got approved by the U.S. Securities and Exchange Commission.