Ed Tilly, CEO, president and chairman at the Chicago Board Options Exchange (CBOE), declared that there is a need for Bitcoin (BTC) exchange-traded notes (ETNs) in order for Wall Street institutional investors to join the crypto space. Financial newspaper Business Insider reported on Tilly’s comments on Jan.18. According to the aforementioned article, Tilly declared that “the growth of Bitcoin in listed markets is still hamstrung by the lack of a trading product geared toward mom-and-pop investors.” According to him, Bitcoin futures did not see substantial growth because of the lack of a note or tracker tied to BTC that retail …

Major crypto derivatives trading platform BitMEX says there are major inaccuracies in a recent media report that alleged the exchange was closing United States and Québec residents’ accounts due to a regulatory crackdown. Cointelegraph Japan reported the news on Jan. 16, following comments from a BitMEX representative. In detailed comments to CT Japan, BitMEX claimed there were as many as six major mistakes in the report, which was published on Jan. 15 by Hong Kong-based English-language newspaper South China Morning Post (SCMP). SCMP had reported that BitMEX was moving to bar traders from the Canadian province of Québec after the …

CoinfloorEX, a unit of the United Kingdom cryptocurrency exchange Coinfloor, has been reorganized to offer trading of physical Bitcoin futures on the Asian market. The CEO of the company has revealed this in an interview with Bloomberg on Monday, Jan. 7. The rebranded CoinFLEX — short for Coin Futures and Lending Exchange — is reportedly owned by a consortium that includes Roger Ver, an early Bitcoin (BTC) entrepreneur and the supporter of the most recent controversial Bitcoin Cash (BCH) hard fork. The consortium behind CoinFLEX also includes another early BTC investor Mike Komaransky, United States investment banking firm Dragonfly Capital, …

Japan’s financial regulator is considering allowing Bitcoin (BTC) exchange-traded funds (ETF), an anonymous source told Bloomberg on Jan. 7. Citing a person familiar with the matter, the publication reports that the Financial Services Agency (FSA) is testing interest in an ETF with a view to potentially giving the instrument the green light to trade on domestic markets. The move would place Japan in direct contrast to the United States, where regulators are risk-averse on ETFs but permit physical Bitcoin futures trading, something the FSA has rejected. This, Bloomberg notes, came due to the Japanese regulator “concluding that such products would …

Analysts from global investment bank JPMorgan Chase believe that the protracted crypto bear market is driving away institutional investors, Bloomberg reports on Tuesday, Dec. 18. Analysts from JPMorgan, along with global market strategist Nikolaos Panigirtzoglou, have reportedly stated that involvement of institutional investors in Bitcoin (BTC) “appears to be fading.” In a jointly released research note, analysts have concluded that “key flow metrics have downshifted dramatically,” including a decline in the Bitcoin futures market. The experts reportedly noted the decreasing index of open interest (OI) — the amount of open contracts on Bitcoin futures — on the Chicago Board Options …

Disclaimer: This article has been amended to remove quotations falsely attributed to the vice president of Nasdaq’s media team Joseph Christinat by the original source of the news. The world’s second-largest stock exchange, Nasdaq, has confirmed it plans to launch Bitcoin futures in the first half of 2019, United Kingdom daily tabloid The Express reported Monday, Dec. 3. As reported, two insider sources had already leaked the plans to Bloomberg in late November. VanEck Director of Digital Asset Strategies Gabor Gurbacs told Cointelegraph, that the firm has been discussing futures with Nasdaq, MVIS Indices, and other market participants for “about …

The crypto market has been brutalizing of late – but many traders don’t realize that there is a plethora of financial instruments out there. Each offer investors a new way to back crypto, without relying on the highs and lows of cryptocurrency prices in an erratic and volatile market. But what are these alternatives – and are they really everything they’re cracked up to be? In many cases, some of the new products emerging in the crypto market are iterations of services that have existed in the old-fashioned financial world for years. Bonds are a good example. These have been …

Major U.S. stock exchange Nasdaq still intends to launch Bitcoin futures and could do so as soon as Q1 2019, Bloomberg reported Nov. 27. Quoting “two people familiar with the matter,” the publication said momentum was building towards a potential launch early next year. The move comes despite the downturn in Bitcoin (BTC) prices to 13-month lows, marking the tail end of a testing year for existing Bitcoin futures products. According to the two unnamed sources, Nasdaq “has been working to satisfy the concerns of the U.S.’s main swaps regulator, the Commodity Futures Trading Commission [CFTC], before launching the contracts.” …

Bitcoin (BTC) futures trading on the U.S. Chicago Board Options Exchange (CBOE) hit record low volatility levels in October, in stark contrast to the rocky global equity markets, MarketWatch reported Nov. 5. As Kevin Davitt, senior instructor for The Options Institute at Cboe Global Markets has outlined in a video Nov. 1, the average weekly volatility for the week ending Oct. 26 was just 3 percent for XBT-CBOE Bitcoin futures, the lowest ever level since they launched for trading Dec. 10, 2017. As of Nov. 1, the average weekly XBT high-low range on front-month Bitcoin futures since inception has been …

White label digital asset exchange platform AlphaPoint announced it had hired a former senior executive at the Chicago Board Options Exchange (CBOE) to lead its trading and exchange business in a press release shared with Cointelegraph Nov. 2. AlphaPoint, which has operated since 2013 as a method through which corporations can digitize financial assets, said Kapil Rathi would “support its growth and ongoing innovation.” Rathi was previously head of equity options at CBOE, the company having risen to fame as one of the first providers of Bitcoin futures in December 2017. “Institutions have not only started to accept cryptocurrencies and …

The parent company of the New York Stock Exchange (NYSE), Intercontinental Exchange (ICE), has announced the launch date for Bitcoin (BTC) futures on its platform Bakkt, according to a document released Oct. 22. Bakkt is a platform for trading, storing, and spending digital assets that was established earlier this year by global exchange operator ICE. Per the document, ICE will list Bakkt Bitcoin (USD) Daily Futures Contracts for trading on Dec. 12, 2018. The product will be physically-settled and cleared by ICE Clear U.S., Inc. The notice further explains: “Each futures contract calls for delivery of one bitcoin held in …

Bitcoin (BTC) futures trading at the Chicago Mercantile Exchange (CME) has continued to grow in Q3, the U.S.-based exchange reported in a tweet Wednesday, Oct. 17. The CME has revealed that the average daily trading volume (ADV) of Bitcoin futures has increased by 41 percent in Q3 over Q2, while open interest (OI) — or the number of open contracts on Bitcoin futures — has risen by 19 percent in the third quarter. CME Bitcoin Futures ADV and OI in Q1, Q2, and Q3 2018. Source: CMEGroup Compared to the results of the second quarter over the first quarter, the …