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CBOE Holds Listing of New Bitcoin Futures Contract Indefinitely, To Review its Crypto Offering

March 15, 2019 13:27
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The CBOE Futures Exchange (CFE), one of the first mover in the cryptocurrency derivatives segment has announced putting its Bitcoin Futures market on hold until further notice.

In a statement of March 14, the exchange mentioned that it wants to assess how it is going to offer the digital asset derivatives trading in future. CBOE said:


“CFE is not adding a Cboe Bitcoin (USD) (“XBT”) futures contract for trading in March 2019. CFE is assessing its approach with respect to how it plans to continue to offer digital asset derivatives for trading. While it considers its next steps, CFE does not currently intend to list additional XBT futures contracts for trading.”

However, all its currently listed bitcoin futures will continue to trade normally, and the last contracts listed XBTM19 will expire in June. The decision comes amid when the exchange is experiencing a significant fall in volume compared to its rival Chicago Futures exchange CME. Both made a big splash in the cryptocurrency sector in late 2017, by introducing Bitcoin Futures.

The whole sector is witnessing extreme stress because of the prolonged bear market with no signs of trends reversal. ICE’s Bakkt platform and ErisX, which had also planned to launch physically settled Bitcoin futures as against Cash settled offered by CBOE and CME, has delayed the launch to later this year.

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