October 28, 2021

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

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Chicago-based exchange holding company Cboe markets — an early pioneer of regulated Bitcoin futures trading in the United States — plans to build out more futures products within the crypto sector in future. 

In a new interview with BNN Bloomberg on March 25, CEO Ed Tilly said that the company’s not always straightforward journey until now by no means dampened its commitment. 

Having been the first North American exchange to list Bitcoin (BTC) futures back in Dec. 2017, the Chicago Board Options Exchange, or CBOE, later ended the product in 2019, faced with stiff competition from popular BTC futures on the Chicago Mercantile Exchange, or CME. This notwithstanding, Tilly said:

“We’re still interested in the space, we haven’t given up on it. 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.”

Another frustration has been U.S. regulators’ reluctance to give the green light to a Bitcoin exchange-traded-fund, or ETF, with Cboe already having unsuccessful attempts to list one. After a recent, withdrawn proposal, Cboe’s BZX exchange is now waiting on the Securities and Exchange Commission’s initial Title: CBOE keen to meet high demand for crypto from retail, institutions, says CEO
Sourced From: cointelegraph.com/news/cboe-keen-to-meet-high-demand-for-crypto-from-retail-institutions-says-ceo
Published Date: Thu, 25 Mar 2021 08:50:56 +0000