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Cboe Global Markets announced late Thursday that it will stop listing new contracts of bitcoin futures.
The Chicago-based exchange group, which was the first to launch a derivative for the cryptocurrency, said it is “assessing its approach” to how it handles cryptocurrency derivatives in a notice.

Cboe Global Markets, the first exchange group to launch bitcoin futures when it went live in December 2017, announced it was putting a hold on listing new bitcoin contracts.

In a notice published late Thursday, the Chicago-based exchange group said it would not be adding more bitcoin futures contracts on its Cboe Futures Exchange to give it a chance to reevaluate how it handles cryptocurrency derivatives.

“CFE is assessing its approach with respect to how it plans to continue to offer digital asset derivatives for trading,” the exchange said in the notice.

Contracts that are currently listed on the exchange will remain available for trading until their expiration dates in April, May or June.

A Cboe spokesperson declined to comment beyond the notice.

Cboe’s launch of bitcoin futures, which was followed shortly thereafter by rival CME, was lauded by some in the industry as a way for Wall Street firms to wade into …read more

Source:: Businessinsider – Technology

      

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