CBOE Puts Brakes on Bitcoin Futures

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The Chicago Board Options Exchange (CBOE) has declared its CFE futures platform will not be adding a Bitcoin (XBT) futures contract this past month. The exchange operator also states it is now considering its future position on cryptocurrency derivatives trading.

According into an official launch, the CFE operator said, “The CFE is assessing its approach with respect to how it plans to continue to offer digital asset derivatives for trading. While it considers its next steps, the CFE does not currently intend to list additional XBT futures contracts for trading.”

The market mentioned, however, that “currently listed XBT futures contracts remain available for trading” — meaning existing futures listed last month (XBTM19) will continue to operate until June.

Cryptocurrency enthusiasts on Twitter and Reddit theorized that reduced trading volumes and competitor success might have been contributing factors in the CBOE’s decision.

That's trigger Cboe bitcoin futures trading volumes are getting crushed by CME. Pic.twitter.com/4dpi9Tfuwg

— John Todaro (@JohnTodaro1) March 14, 2019

Rival CME exchange last month announced it had hit a fresh list of 18,338 bitcoin futures contracts traded, and equivalent to approximately USD 360 million — even though figures from March have been significantly lower.

Meanwhile, the Unites States’ leading financial regulator, the Securities and Exchange Commission (SEC), is still deliberating whether to approve a Bitcoin exchange-traded fund (ETF), plus a few claim the newest CBOE decision doesn’t bode well in this respect. MisterLister lamented on Twitter, “ETF approval can’t be further away at this point.”
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Bitcoin price graph:

CBOE Puts Brakes on Bitcoin Futures 102

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