CBOE to drop Bitcoin Futures
This news is nearly a day old so you may have heard it, but I figured while I sit in this lobby waiting I mind as well leverage partiko to write about it....
CBOE to Drop Bitcoin Futures due to lack of interest.
Gotta say this doesn't surprise me though with the crypto winter now a year old.
The irony is this is usually the type of news events that marks bottoms.
Here is a link to an article with more info on it.. https://thetokenist.io/cboe-drops-bitcoin-futures-contracts-continues-to-assess-its-approach-to-digital-assets/
Posted using Partiko Android
good, they made BTC dump
I'm sure CME is absolutely loving this.
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I've heard both good and bad about this, on one side people say it will decrease liquidity, on the other side people say the cboe traders will buy btc and trade with it on other exchanges... Let's wait and see... we have 1 future gap above us and 2 under us, BTC needs to close all of these. Even I a big bear am starting to turn a little bullish
I think it is unfortunate as I once participated in a meeting with the creators there and they had plenty of ideas for this including options and even Ether futures. However, they always takk about the competition from the CME which seems to have gotten the better of the them.
Posted using Partiko iOS
Good! Didn’t need another controlled derivative market. Free trading markets are the only way to move forward.
Posted using Partiko iOS