Via Email
Re: Termination of All Cboe Digital Spot Accounts and Member Master Agreements
Dear Cboe Digital Member:
The purpose of this letter is to inform you that effective Friday, May 31, at 4:00pm central time, Cboe Digital Exchange, LLC and Cboe Clear Digital, LLC (collectively, “Cboe Digital”)1 will close all accounts in spot digital assets. You are receiving this letter as you currently have a spot digital asset account open with Cboe Digital. This letter further serves to inform you in writing that that effective July 1, 2024,2 your spot digital asset account(s) with Cboe Digital and the Cboe Digital Member Master Agreement, along with any addenda thereto you have entered into with Cboe Digital, will be terminated in accordance with Section 11 of the Cboe Digital Member Master Agreement.3
Before 4:00pm central time on May 31, 2024, please transfer or liquidate the full balance amount from your Cboe Digital spot digital asset account(s). Please note that, as of April 15, 2024, Cboe Digital only accepts Fedwire for withdrawals.
Beginning July 1, 2024, Cboe Digital will liquidate any outstanding digital asset balances in your account pursuant to Section 11 of the Cboe Digital Member Master Agreement. Failure to withdraw any digital assets in your account by this time will mean that those digital assets, if any, will be converted to fiat currency. Following July 1, 2024, the remaining balance of all funds in your account, including any digital asset balances liquidated, will be sent to the name and address of record on your account with Cboe Digital. To update the address on record, please contact [email protected]. Any unclaimed funds will be escheated to the state.
If you have any questions regarding this letter, please contact [email protected].
Sincerely,
/s/ John Palmer
John Palmer
President, Cboe Digital
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1 f.k.a. Eris Exchange, LLC, Eris Clearing, LLC, and ErisX, respectively.
2 Note that the termination date for all spot digital asset accounts with Cboe Digital and the Cboe Digital Member Master Agreement shall be June 1, 2024, provided however, that some accounts may remain open following June 1, 2024 only insofar as to allow Cboe Digital to facilitate the transfer of all account balances.
3 All provisions of the Member Master Agreement entered into between you and Cboe Digital by which such provisions nature extend beyond the expiration or termination of the Cboe Digital Member Master Agreement, including Sections 5, 7, 8, 9, 10, 11, 15, 16, 17, 18 and 19, shall survive the termination or expiration of the Cboe Digital Member Master Agreement.
cc: [email protected]
