The Chicago Mercantile Exchange (CME) does not intend to suspend trading in Bitcoin futures or exclude them from listing, CoinDesk reported, citing the press service of the organization.
According to the publication, a number of experts consider the CME offer on contracts for the first cryptocurrency more profitable and thoughtful.
Traders who are already trading on these exchanges do not have to pay extra for access to a new market. Otherwise, customers need to pay for the connection, software license, market data and cross-connections.
The Cboe Futures Exchange (CFE) trades primarily the Cboe Volatility Index (VX), known as the fear index . If this contract is not interesting to the trader, then the sense of overpaying for access to the Bitcoin futures market is lost.
At the same time, on CME, bitcoin futures are placed in the section with highly liquid assets with a large daily trading volume.
It is noteworthy that CME collects price data from several trading platforms, and in the CBOE they rely only on Gemini exchange quotes. This may cause traders more confidence.
Note that in the third quarter of 2018, the average daily trading volume of bitcoin futures at CME grew by 41%.
In February of the current year, CME updated the record – daily trading volume exceeded 18 thousand contracts.
In bitcoin price Surge Leads to record $ The BTC futures volume on February 19, with over 18K contracts traded. https://t.co/X3zW4D861Y pic.twitter.com/Qldb1jaVgw
– CMEGroup (@CMEGroup) February 21, 2019
Recall that the CBOE intends to revise the approach to the cryptocurrency ecosystem. In this regard, the exchange will not add the March bitcoin contracts, but already placed futures will remain available for trading.
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