Bitcoin News

Crypto short seller Mark Dow gloats over Cboe Bitcoin futures move

The Chicago Board Options Exchange (Cboe) said this week it doesn’t intend to list any additional Bitcoin futures contracts going forward.

The news cheered up trader Mark Dow no end.

And he wasn’t done there.

The former International Monetary Fund (IMF) economist made headlines when he shorted the Bitcoin price from its December 2017 peak of nearly $20,000 down to its trough (below $3,500) a year later.

In a statement dated 14th March, the Cboe said: “CFE is not adding a Cboe Bitcoin (USD) (“XBT”) futures contract for trading in March 2019. CFE is assessing its approach with respect to how it plans to continue to offer digital asset derivatives for trading. While it considers its next steps, CFE does not currently intend to list additional XBT futures contracts for trading.”

It was the first exchange to introduce Bitcoin futures in the market, a move that was warmly welcomed by crypto enthusiasts as the value of Bitcoin soared towards $20,000 after the listing. Cboe’s rival, the CME Group, also introduced a similar product soon afterwards.

 

Scott Thompson

Scott has been working in technology and business journalism for nearly 20 years, with a focus on FinTech, retail, payments and disruptive technology. He has been Editor of such titles as FStech, Retail Systems and IBS Journal and also contributed to the likes of Retail Technology Innovation Hub, PaymentEye, bobsguide, Essential Retail, Open Banking Hub, TechHQ and Internet of Business.

Disqus Comments Loading...

Recent Posts

Here is why Bitcoin is still a lucrative investment in 2024

Those who enter the market at this time may be surprised to hear that Bitcoin…

1 month ago

Zircuit Launches ZRC Token: Pioneering the Next Era of Decentralized Finance

George Town, Grand Cayman, 22nd November 2024, Chainwire

1 month ago

The surge of Bitcoin NFTs: Everything you should know about Bitcoin ordinals

From digital art to real-estate assets, NFTs have become a significant attraction for investors who…

2 months ago

MEXC Partners with Aptos to Launch Events Featuring a 1.5 Million USDT Prize Pool

Singapore, Singapore, 21st October 2024, Chainwire

2 months ago