CBOE, short for Chicago Board Options Exchange, has decided to stop offering Bitcoin futures on its options market. As per the reports, the last contract for Bitcoin futures will be settled on 19th June 2019 after which no new contracts for it will be added by CBOE. It was in March this year that the biggest options market in the world had first made this decision public.
It must be noted here that CBOE was the very first exchange in America which had listed Bitcoin futures one year and six months ago. During its launch, CBOE Global Markets’ then COO (Chief Operating Officer) and President Chris Concannon had stated how they thought derivatives would bring about changes in the conventional finance sector and accelerate the acceptance of digital currencies.
Continuing further, Concannon said that they truly believe the crypto market to explode over a span of a decade with respect to the assets and currency they involve with it.