Cboe May Re-List Bitcoin Futures: Report

The Chicago-based exchange giant became the first in the US to launch bitcoin futures in December 2017 when the coin was around $17,000.

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Ed Tilly, CEO, Cboe; Source: Tom Maday via Northwestern University

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key takeaways

  • Cboe Global Markets Inc. may re-list bitcoin futures following increased investor demand
  • The exchange giant became the first in the US to launch bitcoin futures in 2017 before closing trading in 2019

Cboe Global Markets Inc. may be ready to dive back into bitcoin futures after a couple of years away. 

The Chicago-based exchange giant became the first in the US to launch bitcoin futures in December 2017 when the coin was around $17,000. Cboe later halted bitcoin futures in 2019 following a major selloff that saw the largest digital currency fall below $4,000. 

“We’re still interested in the space, we haven’t given up on it,” Cboe CEO Ed Tilly told Bloomberg Thursday. “There’s a lot of demand from retail and institutions, and we need to be there.”

Investor interest in digital assets has returned in full force over the past year as institutional adoption grows. Elon Musk announced that Tesla will now be accepting bitcoin as a payment method, Morgan Stanley will soon offer wealthy clients exposure, even the oldest US bank is getting involved. 

Cboe also recently entered the bitcoin exchange-traded fund race when VanEck and WisdomTree each filed for cryptocurrency ETFs to be listed on Cboe’s BZX exchange earlier this month. 

Cboe rival CME Group has been offering bitcoin futures since 2017 and began offering ether futures contracts last month. With nearly $3 billion worth of open interest for its bitcoin futures as of Wednesday, CME is now the largest regulated venue in the space. 

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