CBOE plans to re-list Bitcoin futures

CBOE plans to re-list Bitcoin futures


2021-03-26 09:42:49

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CEO Ed Tilly of giant exchange Cboe Global Markets said the institution will likely re-list Bitcoin futures.

“We are still interested in the (cryptocurrency) space, we have not given up on it,” Tilly told Bloomberg in a report published Thursday. “We are interested in building the entire foundation. There is a lot of demand from individual and institutional investors, and we need to be there. ”

CBOE was the world’s first regulated exchange to list Bitcoin futures in December 2017; But in June 2019, they decided to stop providing for unknown reasons. However, the exchange at that time did not rule out the possibility of re-listing cryptocurrency contracts. Back then, they said they were “evaluating” their approach.

CBOE’s rival, CME Group, has been offering Bitcoin futures since December 2017, a time when the market is in dizzying price growth. CME has achieved almost $ 3 billion in open interest on its Bitcoin futures as of March 24, behind only Binance, OKEx and Bybit, which are unregulated exchanges.

Besides Bitcoin futures, Cboe also appears to be interested in listing a Bitcoin ETF. Asset managers VanEck and WisdomTree have both submitted a plan for a Bitcoin ETF separately to be listed on the CBOE bZx Exchange.

Recently, the CEO “We are looking forward to VanEck’s ETF approval,” adds Tilly.

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