US: Bitcoin Futures Will No Longer Be Traded On CBOE


Chicago Board Options Exchange (CBOE), the world’s largest options market, will reportedly settle the last Bitcoin futures contract on June 19. With the expiration of the last contract, the trading of cryptocurrency derivatives will be officially closed, with no more futures to follow on the exchange. CBOE was the first American exchange to list Bitcoin futures. The exchange announced the launch of Bitcoin futures a year and a half ago, when Chris Concannon, the then-President and Chief Operating Officer of Cboe Global Markets, claimed the derivatives to be real game changers set to revolutionize the traditional sphere of finance and boost cryptocurrency acceptance:”Over the next 10 years we believe that the cryptocurrency market will explode in terms of the assets that they touch, the currencies that they involve.”

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