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CLEARING OPERATION (Tables)

9 Months Ended

Sep. 30, 2023

Clearing Operations

Schedule of total clearing participant deposits

The details of our margin deposits, clearing funds, and interoperability funds as of September 30, 2023 and December 31, 2022, are as follows (in millions):

​

​	​	​	​	​	​	​	​	​	​
​	​	September 30, 2023
​		Margin Deposits			Clearing Funds			Interoperability Funds
Central bank account	​	$	496.0	​	$	88.9	​	$	345.9
Reverse repurchase and other	​	​	71.5	​	​	4.1	​	​	302.5
Cash contributions	​	​	567.5	​	​	93.0	​	​	648.4
Non-cash contributions (1)	​	​	426.0	​	​	44.3	​	​	241.3
Total	​	$	993.5	​	$	137.3	​	$	889.7

​

​	​	​	​	​	​	​	​	​	​
​	​	December 31, 2022
​		Margin Deposits			Clearing Funds			Interoperability Funds (2)
Cash contributions	​	$	426.9	​	$	103.4	​	$	376.0
Non-cash contributions (1)	​	​	338.2	​	​	38.6	​	​	89.3
Total	​	$	765.1	​	$	142.0	​	$	465.3

(1) These amounts are not reflected in the condensed consolidated balance sheets, as Cboe Clear Europe does not have the ability to sell or repledge the amounts absent a clearing participant default.

(2) The interoperability funds were not reflected in the condensed consolidated balance sheet as of December 31, 2022, as Cboe Clear Europe did not have the ability to invest the balances at that point in time. See the updated rule change discussed in Note 1 (“Organization and Basis of Presentation”) for additional information.

Cboe Clear Digital

Clearing Operations

Schedule of cash deposits and safeguarded digital assets

The table below presents the Company’s cash deposits and safeguarded digital assets held on behalf of its customers for the purposes of supporting clearing transactions as of September 30, 2023 and December 31, 2022 (in millions):

​

​	​	​	​	​	​	​
​	​	September 30, 2023		​	December 31, 2022
Customer bank deposits	​	$	15.8	​	$	12.7
Digital assets - safeguarded assets	​	​	40.2	​	​	22.9
Total	​	$	56.0	​	$	35.6

Schedule of valuation of digital assets - safeguarded assets and safeguarded liabilities

The following table depicts the Company’s valuation of digital assets – safeguarded assets and safeguarded liabilities as of September 30, 2023:

​	​	​	​	​	​	​	​	​	​
Digital Asset		​	Number of Units		Valuation per Unit			Fair Value (in millions)
Bitcoin ("BTC")	​	​	849	​	$	27,072	​	$	23.0
Ethereum ("ETH")	​	​	8,653	​	​	1,681	​	​	14.5
Litecoin ("LTC")	​	​	16,613	​	​	66	​	​	1.1
Bitcoin Cash ("BCH")	​	​	3,673	​	​	236	​	​	0.9
USD Coin ("USDC")	​	​	714,550	​	​	1	​	​	0.7
Total	​	​	​	​	​	​	​	$	40.2

​

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