Cboe Futures Trade (CFE) is putting its bitcoin futures industry on maintain.
The device of Cboe Global Marketplaces mentioned Thursday that it would not add a new bitcoin futures industry for March, citing a want to critique how it techniques the area.
“CFE is not introducing a Cboe Bitcoin (USD) (“XBT”) futures agreement for trading in March 2019,” the futures exchange mentioned in a detect to traders Thursday afternoon, introducing:
“CFE is assessing its approach with regard to how it strategies to go on to give electronic asset derivatives for trading. Though it considers its following measures, CFE does not presently intend to list additional XBT futures contracts for trading.”
However, Cboe mentioned presently outlined bitcoin futures contracts will keep on being offered for trading. That signifies the past contracts outlined, XBTM19, will expire in June.
Cboe, along with rival futures exchange CME Group, created a massive splash in late 2017 when just about every released bitcoin futures contracts. The exchanges’ futures are dollars-settled, indicating at the stop of the agreement one particular party pays the other the big difference amongst the location and futures selling prices of bitcoin in U.S. pounds.
By distinction, up-and-coming competition Bakkt and ErisX prepare to give bodily settled futures contracts, in which authentic bitcoin is delivered to the purchaser.
Cboe picture via Shutterstock.