Ed Tilly, the CEO of Cboe Global Markets, has suggested that the exchange giant may re-list Bitcoin futures. Tilly told Bloomberg that his firm was still interested in the sector and they are already working on how to re-enter the market.
In his words, “We’re still interested in the space, we haven’t given up on it”. He went on to add that they are building the entire platform out and sometimes in the nearest future, they may make a re-entrance into the Bitcoin futures market. According to him, demand for this space is growing especially amongst institutions and retailers and there is need for his firm to be at the center of this demands.
Cboe, listed Bitcoin futures as far back as 2017, becoming the first regulated exchange to do so. But mid-2019, it decided to halt Bitcoin futures for unknown reasons. Even then, the firm never ruled out the chance of re-lisitng Bitcoin futures and other cryptocurrency derivatives again.
Cboe Exchange to List Bitcoin ETFs
Apart from Bitcoin futures, Cboe is also interested in listing Bitcoin exchange trade funds (ETF). WisdomTree and VanEck, have separately filed for a Bitcoin ETF with the SEC and upon its approval, they would be listed on Cboe bZx Exchange.
Apart from that, the crypto firm also partnered with CoinRoutes towards the end of last year, so as to step up its plan of launching a crypto indexes this year.
CME group, the main rival to Cboe, offers Bitcoin futures and is the biggest regulated derivatives platform in the world. As of March 24, the number of open interest on CME’s Bitcoin futures was put at almost $3 billion.