Definition ∞ A listed derivatives market is a regulated exchange where standardized derivative contracts, such as futures and options, are publicly traded. These contracts derive their value from an underlying asset and are subject to clearinghouse guarantees, which reduce counterparty risk. Trading on such markets provides transparency, liquidity, and price discovery for participants. This structure contrasts with over-the-counter markets, which involve privately negotiated agreements.
Context ∞ The expansion of listed derivatives markets to include digital assets is a significant development, offering institutional investors regulated avenues for exposure to cryptocurrencies. Discussions often address the suitability of various cryptoassets for standardization and the volatility considerations for margin requirements. Future growth in this sector is anticipated as regulatory clarity improves and more traditional financial participants seek to manage or speculate on digital asset price movements.