Jun 07, · CME took over the U.S. market, driving significant interest from accredited investors. When Cboe announced the closure of its bitcoin futures market, it traded around $8 million in contracts. In contrast, CME settled $90 million, more than fold of Cboe’s daily volume. Cboe’s Futures Exit Is Not an Indictment of the Crypto Market. Dec 22, · In response to growing interest in cryptocurrencies and customer demand for tools to manage bitcoin exposure, CME options on Bitcoin futures (BTC) are now trading. The value of options on Bitcoin futures is based on the regulated CME CF Bitcoin Reference Rate (BRR) and settles into actively traded Bitcoin futures. Dec 11, · PLANTATION, Fla., Dec. 11, (GLOBE NEWSWIRE) — TradeStation, a Monex Group company and award-winning* online broker-dealer and futures commission merchant, today announced that eligible futures clients can now trade the new Bitcoin futures contract being offered by Cboe Global Markets, Inc. (Cboe). Chicago-based Cboe, one of the world’s largest exchange holding companies, commenced trading in the contract (ticker symbol XBT) on its Cboe .
Cboes recent decision to end bitcoin futures tradingWhat Cboe's Looming Crypto Futures Exit Means for the Bitcoin Price - ICO Investor
Following the decline in the demand for the Cboe bitcoin futures contract and the rise of CME, most of the futures volume in the U. Source: Twitter. CME took over the U. The decision of Cboe to move out of the bitcoin market likely has less to do with its prospect of the trend of the crypto market than the strong growth of its rival CME and the rapidly changing blockchain landscape.
Hence, with CME in place and new institutional platforms like Fidelity and Bakkt coming online, the bitcoin market is still in an ideal position to maintain its momentum throughout the medium term. Skip to content Friday, December 25, Spread the love. Related Posts. July 16, Evan Schindler. The new filing has not yet been published in the Federal Register, which means that an official timeline has not been set to receive a decision on the timeline.
Once the filing is added to the Register, however, the SEC will have no more than days in total to make a decision on the proposal; if it is added soon, a decision should be made around October of this year.
Indeed, the global financial scene has shown quite a bit of support for a Bitcoin ETF. The public has spoken! Bitcoin is compatible with the U.
Even if support for a Bitcoin ETF is absolutely overwhelming, how will the creation of one affect the cryptocurrency markets? Chen believes that changes in the Bitcoin ecosystem have made the need for an ETF less pressing.
What matters more for acceptance and adoption is to be aware of progress within the crypto industry along with contributing to where one sees most fruitful. Today, Bitcoin solves the drastic problem of private value transfers for those who could not perform them before due to government restrictions, political regimes etc.
If this happens, Bitcoin will be just a form of electronic money based on the outdated technology which would make it lose its users and intrinsic value. Indeed, the SEC has said time and time again that the unregulated nature of Bitcoin is the very reason that it cannot approve a Bitcoin ETF application. Such risks are often unacceptable to many investors.