CBOE Now Wants Back In, CEO says ‘Haven’t Given Up’ on Bitcoin Futures & We ‘Need’ to be Here
There has been a “lot of demand from retail and institutions” that the crypto space has been seeing lately
CBOE Global Markets is now looking to get back into the crypto space.
Back in March of 2019, the Chicago-based exchange holding company delisted Bitcoin futures when the price of BTC was about $4,000. It was the first US exchange to list Bitcoin futures in late 2017 and was followed closely by CME Group, which gained wider acceptance.
Now that Bitcoin has risen to a new all-time high of $62k, Chief Executive Officer Ed Tilly says, “We’re still interested in the space, we haven’t given up on” bitcoin futures, reported Bloomberg.
“We’re keen on building out the entire platform. There’s a lot of demand from retail and institutions, and we need to be there,” he added.
In December 2020, CBOE partnered with CoinRoutes to launch a suite of tools, including crypto indexes, real-time ticks, and historical data. At the time, it was said to be launched by the end of the first quarter of this year.
They are now eyeing new efforts as the demand for the product increases and the market matures.
Earlier this month, as we reported, CBOE also filed with the SEC to list and trade shares of the VanEck SolidX Bitcoin Trust.
“We’re very keen to move along approval for the VanEck ETF,” said Tilly.