Chicago Board Options Exchange (CBOE) Announces No New Bitcoin Futures To Market In March.
CBOE cites plans to rethink its approach to trading virtual assets before offering digital products in the future. During this process, the exchange will not list additional XBT contracts.
However, valid Bitcoin futures will remain available until they expire. The last existing contract, XBTM19, will run until June 2019.
Bitcoin Futures for Dummies – Explained with CLEAR Examples!
At the end of 2017, the launch of bitcoin futures by the Chicago CBOE and CME caused a rapid rise in the cryptocurrency rate. However, over time, interest in them gradually fades away..
A feature of CBOE and CME products is that they are calculated in cash based on the difference in prices and do not provide for the actual ownership of the underlying asset, being a purely speculative instrument. In the meantime, Bakkt and ErisX plan to launch products backed by «real» bitcoins.
It is possible that the recent forecast of analysts from Bloomberg, warning of the approach of a new fall in the bitcoin rate, is associated with today’s CBOE announcement..
text: Ivan Malichenko, photo: steemitimages, ledevoir