Cboe Ends its Bitcoin Futures Trading Lasted 18 Months, CME Futures Bounce Back $9200 Level

[ChainDD report] June 20 (ChainDD) As of 4 p.m. June 19, as its last Bitcoin futures contract (XBT) expires, Cboe, the largest option trading exchange in US, ended its Bitcoin futures trading that launched 18 months ago. On the same day, the most active Bitcoin futures contracts at another US major futures trading exchange CME resumed rally and jumped above $9200, wiping half of the decline in previous session. On June 17, the past Monday, the futures hit the highest close since May 4 2018 and recorded more than 5% weekly rise during last week.

July-delivered Bitcoin futures BTC at CME Group, the largest futures exchange in the world, increased about 1% to $9210, jumping about 5.3% in the week ended on June 14.

June-delivered Bitcoin futures XBT at Cboe, the largest option exchange in US, expired on June 19, and it declined 2% to $9100 on June 18, with a weekly rise about 5.4% as of June 14. In December, 2017, Cboe became the first major derivatives trading platform that launched Bitcoin futures contracts but until the June delivered contract expired, it hasn’t added any new contract.

According to ChainDD’s market tracking indicators, Bitcoin spot price on Binance traded above $9300, rising more than 1.7% over the past 24 hours.

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