Cboe Abandons Bitcoin Futures – WSJ

https://www.wsj.com/articles/cboe-abandons-bitcoin-futures-11552914001

The artist formerly known as Chicago Board Options Exchange is de-listing bitcoin.

«Trading volumes in Cboe’s bitcoin futures have lagged behind those of its larger crosstown rival, CME Group Inc. On Thursday, the last trading day before Cboe’s announcement came out, close to $90 million worth of CME’s bitcoin futures changed hands, compared with around $8 million worth of Cboe’s contracts, according to data from the two companies. CME also launched bitcoin futures in December 2017, a week after Cboe did.

As investor interest in bitcoin has cooled, Wall Street firms that had dipped their toes in digital currencies have also pulled back. Goldman Sachs Group Inc. said early last year that it was planning a bitcoin trading desk, but the operation has yet to materialize.»

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