Exchange CBOE Futures Exchange made a statement that in March it will not open contacts on Bitcoin futures. According to the statement, the exchange plans to revise its approach to the cryptocurrency ecosystem.
CFE is rethinking its approach to how it plans to continue to offer derivative digital assets for trading. At present, CFE does not intend to list additional XBT futures contracts for trading.
Meanwhile, existing Bitcoin futures will remain available for trading. This means that the latest XBTM19 contract expires in June 2019.
The decision may be caused by low trading volumes. According to a study by TradeBlock in early February, investors are losing interest in Bitcoin futures on CME and Cboe.
It is worth noting that these US platforms offer cash futures, which means that after the contract expires, one party pays another difference between the spot and futures price in US dollars.
This news did not cause any significant reaction in cryptocurrency markets, since all significant coins, including Bitcoin, continued to trade in narrow ranges. It is obvious that at this stage technical and speculative factors prevail in the market.
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