Cboe Futures Exchange (CFE), the volatility futures exchange arm of the Chicago-based Cboe Global Markets, is reportedly reconsidering its cash-settled bitcoin futures product.
In a March 14th announcement, CFE said it wasn’t relaunching its presently listed proprietary bitcoin futures contract, which is set to expire this coming summer:
“CFE is not adding a Cboe Bitcoin (USD) (‘XBT’) futures contract for trading in March 2019. 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, CFE does not currently intend to list additional XBT futures contracts for trading. Currently listed XBT futures contracts remain available for trading.”
The Cboe bitcoin futures contract was first released in the U.S. in December 2017 when its market competitor CME Group also launched its own bitcoin futures product. They were the first such contracts in America. These developments caused considerable buzz in the nation’s nook of the…