Cboe Futures Exchange (CFE) is placing its bitcoin futures market on maintain.
The unit of Cboe Global Markets stated Thursday that it might not add a brand new bitcoin futures marketplace for March, citing a have to evaluate the way it approaches the area.
“CFE is not adding a Cboe Bitcoin (USD) (“XBT”) futures contract for buying and selling in March 2019,” the futures change stated in a discover to merchants Thursday afternoon, including:
“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.”
However, Cboe stated at the moment listed bitcoin futures contracts will stay out there for buying and selling. That means the final contracts listed, XBTM19, will expire in June.
Cboe, together with rival futures change CME Group, made a giant splash in late 2017 when every launched bitcoin futures contracts. The exchanges’ futures are cash-settled, that means on the finish of the contract one celebration pays the opposite the distinction between the spot and futures costs of bitcoin in U.S. .
By distinction, up-and-coming opponents Bakkt and ErisX plan to supply bodily settled futures contracts, by which actual bitcoin is delivered to the customer.
Cboe picture by way of Shutterstock.