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.

Cyclone Idai: Many dead in Zimbabwe and Mozambique
An official at the National Institute of Disaster Management (NIDM) of Mozambique told AFP on Friday "there is extreme havoc". Tens of thousands of people, primarily in impoverished rural areas, have been cut off from roads and telephones.

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.

Related News:

  • Bencic sets up clash against Kerber

    Bencic sets up clash against Kerber

    However, the Czech took full advantage of her experience, and she was committing to a start strong in the second set. This is the fifth tournament of the year played by Kerber and this is her first final of 2019.
    Ruthless Wales seal Grand Slam with emphatic victory

    Ruthless Wales seal Grand Slam with emphatic victory

    Wales shrugged off the rain, wind and Ireland to win the Six Nations and complete the Grand Slam this morning (local time). He said: "I'd like to take my hat off to Wales and Gats". "We weren't as good as Wales today".
    Tyler 'Ninja' Blevins Reportedly Paid $1M by EA to Stream Apex Legends

    Tyler 'Ninja' Blevins Reportedly Paid $1M by EA to Stream Apex Legends

    The folks at Reuters were the first ones to find out about this deal and they were informed by one of their sources. In the case of chameleon-haired Twitch king Tyler "Ninja" Blevins, the number could be as high as $1 million.
  • Australian PM slams disgusting remarks by Senator

    Australian PM slams disgusting remarks by Senator

    The statement that was released was less based on condemning the entire event but more on blaming Muslims. In Sydney today, Mr Morrison was asked whether this action against Senator Anning was sufficient.
    Bangladesh team leave a changed New Zealand after mosque shootings

    Bangladesh team leave a changed New Zealand after mosque shootings

    I start running towards the main road, when a lady, also heading out in her auto , asks if I need a ride. I chose to go to the mosque with the other team members, and later, we all could assemble at the grounds.
    China's Jan-Feb property investment accelerates despite cooling sales

    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 .
  • Grieving families given sacks of earth from Ethiopian crash site to bury

    Grieving families given sacks of earth from Ethiopian crash site to bury

    Ethiopian Airlines Flight 302 crashed soon after take-off from Addis Ababa last weekend. "We are waiting for the results". A new aerial view shows the crater left behind at the crash site of Ethiopian Air flight 302.
    Roger Federer will win Indian Wells title - Rusedski

    Roger Federer will win Indian Wells title - Rusedski

    It's one of the most handsome centre courts that we have in the world, it would have been very special. It was just the fifth time in Nadal's career that he had conceded a walkover, and the first to Federer.
    Uber plans to kick off IPO in April

    Uber plans to kick off IPO in April

    Uber would maintain majority control of the self-driving arm and would use the investment to fund its research and development. The news also comes at the heels of SoftBank's aggressive strategy of heavily investing in AV programs across the industry.
  • Beto O'Rourke enters presidential conversation, but what are his chances?

    Beto O'Rourke enters presidential conversation, but what are his chances?

    WASHINGTON - Beto O'Rourke, the youthful Texan who gained a national following with his long-shot election battle against U.S. Senator Ted Cruz past year , told a Texas TV station on Wednesday he will seek the 2020 Democratic presidential nomination.
    New Zealand mosque attacks: Who is Brenton Tarrant?

    New Zealand mosque attacks: Who is Brenton Tarrant?

    Aziz said: "He gets into his vehicle and I just got the gun and threw it on his window like an arrow and blasted his window". Armed police were deployed at several locations in all cities, unusual in a country where levels of gun violence are low.
    IPL Spot-fixing case: Supreme Court sets aside life ban on Sreesanth

    IPL Spot-fixing case: Supreme Court sets aside life ban on Sreesanth

    India's Supreme Court on Friday set aside the life ban imposed on S Sreesanth by the Board of Control for Cricket in India. However, in two months, the High Court allowed BCCI's appeal and restored the ban.


Most liked

'You are safe now': moments of heroism in Christchurch massacre
The Christchurch resident said he chased the attacker down the street to a red light before he made a U-turn and drove away. The shooter dropped the first gun - which Wahabzadah described as a shotgun - and started shooting with the second.

Li: China eyeing rates, other policy steps to help economy
It will prevent zero-employment families and provide more policy support to companies that hire more people. It is not a solicitation to make any exchange in commodities, securities or other financial instruments.

New Zealand PM Says Got "Manifesto" From Gunman "9 Minutes Before Attack"
A fourth person was arrested yesterday in the wake of the shootings, but has been released without charge. Ardern said the suspect was a licensed gun owner who bought the five guns used in the crimes legally.

'Nigeria, 4th Country With Highest HIV/AIDS Patients'
The South-South zone of the country has the highest HIV prevalence, at 3.1 per cent among those aged 15-49 years. HIV prevalence is also high in the North Central zone (2.0%) and in the South East zone (1.9%).

Android Q Promises To Make Your Smartphone Safer And Smarter
Technically, that's "Android Q (Go edition)" - brackets and all, I'm not kidding - but it's a ridiculous name and I won't use it. This means it is suggested you only download the Android Q beta on a Pixel device if it is not your primary phone.

Qualcomm Apple lawsuit: Jury awards $31 million in patent lawsuit to Qualcomm
Billions of dollars are at stake in that trial, which goes to the heart of the licensing dispute between the tech giants. But anorther legal decision involving Qualcomm and Apple was announced today.

Zidane begins new Madrid era by dropping ‘keeper Courtois
I have a squad of 23, 24, 25 players and will count on them all.I believe all the players here know that you must play football. As quoted by the Daily Mail , Solskjaer said: "I can't really comment on Gareth Bale or specific players".

Jones vows England will learn lessons from Scotland draw
But we scored a try and then another and started to believe and scored some great tries, some of them were brilliant ... England captain Owen Farrell, meanwhile, struggled to explain what had happened during the second half.

UNC Basketball: Tar Heels lose heartbreaker in ACC semifinal
And his success in the paint overshadowed RJ Barrett's 5-of-15 shooting night. "He's a good player", Maye said of Williamson. North Carolina led by 13 in the first half and 71-67 with less than 3 minutes left but couldn't hold on.

‘Absolutely his intention’: Christchurch gunman planned further attacks, had other firearms
Twelve operating theatres worked through the night on the more than 40 people wounded, said hospital authorities. Most others marked on the email were media houses, both domestic and worldwide , said a PM's spokesman.

VW chief apologizes for evoking Nazi concentration camp slogan
Diess's remark "is in this context considered inappropriate", the supervisory board said in an emailed statement to Bloomberg. The phrase "arbeit macht frei" or work sets you free hung above the gates at Holocaust sites such as Auschwitz .

Jaguar Land Rover recalls 44000 cars
Speaking with CarAdvice , JLR's local arm confirmed there are 1731 units affected in Australia - 958 Land Rovers and 773 Jaguars. JLR also declared that it shall be contacting the owners of the affected vehicles in order to arrange free-of-charge repairs.

River flooding expected by end of week
Officials are planning detours for traffic along portions of Interstate 29 that are closed near Rock Port due to flooding. Kim Reynolds signed an emergency disaster proclamation and activated the state emergency operations center Thursday.

Solskjaer insists Manchester United 'played well' in Arsenal defeat
Any move for Bale or another high-profile wide player would surely mark the end of Alexis Sanchez's forgettable spell with United .

Four in custody following NZ mosque shooting
Qureshi said that he has made contact with Pakistan's ambassador to New Zealand to gather details of the terror attack. Police also defused explosive devices in a auto . "At that moment, I realised it was really serious", the man said.