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CLEARING OPERATION (Tables)

12 Months Ended

Dec. 31, 2023

CLEARING OPERATIONS

Schedule of total margin deposits, clearing funds, and interoperability fund deposits

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


		December 31, 2023
		Margin Deposits			Clearing Funds			Interoperability Funds			Total
Cboe Clear Europe central bank account		$	361.3		$	140.1		$	271.0		$	772.4
Cboe Clear Europe reverse repurchase and other			2.7			4.1			55.6			62.4
Cboe Clear Digital customer bank deposits			14.0			—			—			14.0
Total cash margin deposits, clearing funds, and interoperability funds		$	378.0		$	144.2		$	326.6		$	848.8

		December 31, 2023
		Margin Deposits			Clearing Funds			Interoperability Funds			Total
Cboe Clear Europe non-cash contributions (1)		$	637.0		$	65.6		$	228.0		$	930.6

		December 31, 2022
		Margin Deposits			Clearing Funds			Interoperability Funds (2)			Total
Cboe Clear Europe central bank account		$	426.9		$	103.4		$	376.0		$	906.3
Cboe Clear Europe reverse repurchase and other			—			—			—			—
Cboe Clear Digital customer bank deposits			12.7			—			—			12.7
Total cash margin deposits, clearing funds, and interoperability funds		$	439.6		$	103.4		$	376.0		$	919.0

		December 31, 2022
		Margin Deposits			Clearing Funds			Interoperability Funds (2)			Total
Cboe Clear Europe non-cash contributions (1)		$	338.2		$	38.6		$	89.3		$	466.1

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

(2)

As of December 31, 2022, the interoperability funds were not reflected in the consolidated balance sheets, as Cboe Clear Europe did not have the ability to sell or repledge the amounts absent a clearing participant default in respect of non-cash contributions nor to invest the balances in respect of cash contributions at that point in time. See the updated rule change in respect of cash contributions discussed above.

Schedule of total digital assets - safeguarded assets and liabilities

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


		December 31, 2023			December 31, 2022
Digital assets - safeguarded assets		$	51.3		$	22.9

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

The following depicts the Company’s valuation of digital assets – safeguarded assets and safeguarded liabilities as of December 31, 2023 and December 31, 2022:


		December 31, 2023
Digital Asset		Number of Units		Valuation per Unit			Fair value (in millions)
Bitcoin ("BTC")		821		$	42,492		$	34.9
Ethereum ("ETH")		6,270			2,282			14.3
Litecoin ("LTC")		16,329			74			1.2
Bitcoin Cash ("BCH")		1,374			261			0.4
USD Coin ("USDC")		506,652			1			0.5
							$	51.3

		December 31, 2022
Digital Asset		Number of Units		Valuation per Unit			Fair value (in millions)
Bitcoin ("BTC")		717		$	16,540		$	11.8
Ethereum ("ETH")		6,362			1,199			7.6
Litecoin ("LTC")		17,873			70			1.3
Bitcoin Cash ("BCH")		6,883			97			0.7
USD Coin ("USDC")		1,516,479			1			1.5
							$	22.9