CBOE keen to meet high demand for crypto from retail, institutions, says CEO

Chicago-based exchange holding company Cboe market, one of the first pioneers of regulated bitcoin futures trading in the United States, plans to create more futures products in the crypto-currency sector in the future.

In a new interview with BNN Bloomberg on 25. In March, CEO Ed Tilley said the company hadn’t always been on the right track, but that didn’t diminish his commitment so far.

The Chicago Board Options Exchange (CBOE), which in December 2017 was the first North American exchange to list bitcoin futures (BTC), discontinued the product later in 2019, facing stiff competition from the popular Chicago Mercantile Exchange (CME) BTC futures. Still, Tilly said:

We’re still interested in space travel, we haven’t given up. We want to build the whole platform. The demand from retailers and institutions is very high and we need to be there.

Another disappointment was the reluctance of US regulators to give the green light to an exchange-traded fund or ETF for bitcoin, with Cboe having already failed in its attempts to get listed. Following a recently withdrawn offering, the Cboe BZX exchange is currently awaiting an initial decision from the Securities and Exchange Commission on its March listing application for the VanEck Bitcoin ETF. Tilley told reporters that the company is looking forward to supporting the VanEck product.

Meanwhile, VanEck missed out on a victory over its former partner SolidX over its bitcoin ETF filing, with the latter filing a lawsuit accusing VanEck of plagiarism in its previous ETF filing in January of this year.

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