Cboe exchange halts Bitcoin futures

posted 2 months ago
Cboe Futures Exchange is putting its Bitcoin futures market on hold, citing a need to review how it approaches the space. “CFE is assessing its approach with respect to how it plans to continue to offer digital asset derivatives for trading.”

By many accounts, Cboe’s volume has been disappointing. The Chicago exchanges’ futures are cash-settled, meaning at the end of the contract one party pays the other the difference between the spot and futures prices of Bitcoin in USD. By contrast, up-and-coming competitors Bakkt and ErisX plan to offer physically settled futures contracts, in which real Bitcoin is delivered to the buyer.
Tags: bitcoin, news