CBOE Puts Brakes on Bitcoin Futures

Bitcoin
Last updated:
Author
Author
Tim Alper
About Author

Tim Alper is a British journalist and features writer who has worked at Cryptonews.com since 2018. He has written for media outlets such as the BBC, the Guardian, and Chosun Ilbo. He has also worked...

Last updated:
Why Trust Cryptonews
Cryptonews has covered the cryptocurrency industry topics since 2017, aiming to provide informative insights to our readers. Our journalists and analysts have extensive experience in market analysis and blockchain technologies. We strive to maintain high editorial standards, focusing on factual accuracy and balanced reporting across all areas - from cryptocurrencies and blockchain projects to industry events, products, and technological developments. Our ongoing presence in the industry reflects our commitment to delivering relevant information in the evolving world of digital assets. Read more about Cryptonews

The Chicago Board Options Exchange (CBOE) has announced that its CFE futures exchange platform will not be adding a Bitcoin (XBT) futures contract this month. The exchange operator also says it is currently considering its future stance on cryptocurrency derivatives trading.

Source: iStock/Starcevic

According to an official release, the CFE operator stated, “The 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, the CFE does not currently intend to list additional XBT futures contracts for trading.”

The exchange noted, however, that “currently listed XBT futures contracts remain available for trading” – meaning existing futures listed last month (XBTM19) will continue to run until June.

Cryptocurrency enthusiasts on Twitter and Reddit speculated that low trading volumes and competitor success may have been contributing factors in the CBOE’s decision.

Rival CME exchange last month announced it had hit a new record of 18,338 bitcoin futures contracts traded, equivalent to around USD 360 million – although figures from March have been significantly lower.

Meanwhile, the Unites States’ top financial regulator, the Securities and Exchange Commission (SEC), is still deliberating whether or not to approve a Bitcoin exchange-traded fund (ETF), and some claim the latest CBOE decision does not bode well in this regard. MisterLister lamented on Twitter, “ETF approval can’t be further away at this point.”
____

Bitcoin price chart:

More Articles

Altcoin News
Shiba Inu in Trouble as Technical Signals Flash Bearish – Where Next for SHIB Price?
Joel Frank
Joel Frank
2025-02-17 21:43:20
Press Releases
BTC Bull Token Offers New Way to Bet on Bitcoin: ICO Hits $2M in One Week as BTC Eyes $110K Ceiling
2025-02-17 21:15:35
Crypto News in numbers
editors
Authors List + 66 More
2M+
Active Monthly Users Around the World
250+
Guides and Reviews Articles
8
Years on the Market
70
International Team Authors