CBOE Suspends Addition of BTC Futures

BTC  USD daily chart

Now listed Cboe XBT futures contracts, which expire in June, remain available for trading, Cboe said in a statement late on Thursday. CFE is assessing its approach with respect to how it plans to continue to offer digital asset derivatives for trading.

Several different sources point to different reasons as to why CBOE is discontinuing its bitcoin futures offering to traders.

However, interest in Cboe's bitcoin futures contract has waned along with a crash in the price of bitcoin.

In December 2017, when the two aforementioned exchanges announced their intention to launch derivative contracts tied to the top cryptocurrency, the crypto-market boomed.

The Chicago-based stock exchange became the first to introduce Bitcoin futures in the market.

China's Jan-Feb property investment accelerates despite cooling sales
China's industrial output slowed during the first two months of the year as unemployment rose, official data showed today. China is grappling with a decline in global demand - most notably from the USA , which launched a trade war a year ago .

The former International Monetary Fund (IMF) economist made headlines when he shorted the Bitcoin price from its December 2017 peak of almost $20,000 down to its trough (below $3,500) a year later.

Some were concerned that the price of Bitcoin may be negatively affected.

What is your opinion on the CBOE Bitcoin (BTC) futures delisting? The trading volume of Cboe's bitcoin futures were disappointing. Bitcoin gained against the U.S. dollar by 0.5 percent, and was trading at over $3,900, with the coin-market holding firm at $135 billion. Around that time, Bitcoin surged to an all-time high of around $20,000 before beginning a dramatic decline that saw the original cryptocurrency plunge 74 percent in 2018.

However, CBOE contracts already listed remain in operation, and the last contract listed will expire in June.

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