Cboe Abandons Bitcoin Futures – WSJ


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.»

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.