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Why Bitcoin Market May Be Better Without CBOE Futures Contracts



There is no future in Bitcoin futures, at least at Chicago Boards Options Exchange (Cboe).

The largest US options exchange announced Thursday that it would not add XBT futures contracts for trading in March 2019, 14-months after it listed them. However, Cboe said its currently listed contracts would remain active. That means XBTM19, the exchange’s last registered contract, will expire in June 2019. Excerpts from the statement:

“Chicago Futures Exchange (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.”

Skeptics took Cboe’s decision as a sign of the bitcoin’s deinstitutionalization, arguing that the cryptocurrency’s overstretched bearish run was a turn off for the US futures exchange. Market analyst Alex Krüger called the whole episode “unfortunate,” while a consensus among bitcoin bears…





Read Full Story : NewsBTC

2019-03-15 16:19:47

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