Is bitcoinmania coming to an end? It looks like it after retail interest in bitcoin and other cryptocurrency trading has gradually waned since the 2017 spike.
Last week, the first U.S. exchange to introduce bitcoin futures announced that it will stop listing the product, citing a lack of interest in trading the peer-to-peer digital currency.
Cboe Global Markets said in a statement that it “does not currently intend” to list any other bitcoin futures for trading, but it did note that it has not shut the door on cryptocurrency as it is still “assessing” its approach for trading.
It wrote:
“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. Currently listed XBT futures contracts remain available for trading.”
It is unknown at this time if the Chicago-based CME Group will follow.
Since peaking at more than $19,000, the price of bitcoin has cratered to under $4,000.
So, the pump and dump scheme may finally be exhausted.
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