Cboe Plans to List Bitcoin Futures Again

US derivatives platform, Cboe Global Markets is considering to re-list Bitcoin futures almost two years after the Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term dropped the digital currency investment instrument, CEO Ed Tilly revealed in an interview with Bloomberg.

"We're still interested in the space, we haven't given up on it," Tilly said. “We’re keen on building out the entire platform. There’s a lot of demand from retail and institutions, and we need to be there.”

Cboe was the first regulated US derivatives exchange to list Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term futures in December 2017, after which the digital asset touched the iconic $20,000 mark, the record Bitcoin broke last December.

Despite the hype around the Bitcoin derivatives, demand for Cboe’s product remained dull which pushed the exchange to stop offering Bitcoin derivatives in June 2019. However, its rival CME Group was seeing massive demand for Bitcoin derivatives.

Tally’s comments came when institutional demand for Bitcoin is skyrocketing, and the exchange could gain a lot from re-listing Bitcoin futures.

Pushing for Bitcoin ETF

Cboe was not only limited with the Bitcoin futures for its crypto exposure as the company pushed for approval, for the much-anticipated Bitcoin exchange-traded fund (ETF), multiple times but failed. VanEck Bitcoin Trust again filed for the Securities and Exchange Commission’s approval to list a Bitcoin ETF on the Cboe bZx Exchange.

“We're very keen to move along approval for the VanEck ETF,” Tilly added.

Though the US financial markets regulator is reluctant to approve a Bitcoin ETF, many companies are now trying to list the product in the US market. Finance Magnates today reported that financial giant, Fidelity is now planning to launch a Bitcoin ETF.