On March 14 local time, the Chicago Board Options Exchange (CBOE) stated that it will not add a bitcoin futures contract market in March, citing the need to re-examine how to enter this field. The currently listed Bitcoin futures contracts are still tradable, meaning the last contract listed, XBTM19, will expire in June.
On March 14 local time, the Chicago Board Options Exchange (CBOE) stated that it will not add a bitcoin futures contract market in March, citing the need to re-examine how to enter this field. The currently listed Bitcoin futures contracts are still tradable, meaning the last contract listed, XBTM19, will expire in June.
CBOE’s bitcoin futures contract has been unsuccessful, with small open interest, insignificant to the overall bitcoin market.
The Chicago Board Options Exchange officially launched Bitcoin futures trading on December 11, 2017. On December 18, the Chicago Mercantile Exchange (CME) launched a bitcoin futures contract. The two launched bitcoin futures contract products shortly before and after, but CBOE's market share did not exceed that of CME. According to the data analysis of the Tradeblock website, it can be seen that the futures trading volume of CME is significantly higher than that of CBOE.According to the latest data released by the U.S. Commodity Futures Commission (CFTC) as of January 22,BTC futures positions
March 14 Quotesshowshow
, CBOE Bitcoin futures XBT May contract closed up $12.50, or 0.33%, to $3847.50.
Twitter users commented, because CME has been providing incentives/discounts throughout 2018 to increase trading volume. However, that deadline expired in February, so it will be interesting to see how volume moves in the coming months.
It is reported that the bitcoin futures of the Chicago exchange are cash-settled, which means that at the end of the contract, one party will pay the other party the difference between the bitcoin spot and futures prices in US dollars. In contrast, rivals Bakkt and ErisX plan to offer physically-settled futures contracts that deliver bitcoin to buyers.
And according to Februaryto report, two U.S. market regulators — the U.S. Securities and Exchange Commission (SEC) and the CFTC — shared their views on bitcoin futures and ETFs. SEC Commissioner Hester Peirce stated that "there are a lot of markets that are not regulated, but we still build products on top of it." On the other hand, CFTC Commissioner Brian Quintenz expressed his views on Bitcoin futures, explaining the difference between commodities and securities . Finally, Peirce clarified the current anti-regulatory stance on cryptocurrencies, saying that the market situation is "too confusing" and hinted at possible cooperation between the CFTC and the SEC: "(This is) where I think Brian and I are interested in working together... The question of where your jurisdiction ends and ours begins, we don’t want to overlap in that part of the job, and I think the imperative is that we need to do a better job of providing guidance.”
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