Wall Street’s love affair with Bitcoin appears to be souring.
Cboe Global Markets Inc., the first mainstream exchange to let people buy and sell Bitcoin futures, said in a web posting that it’s reviewing its approach to cryptocurrency derivatives and doesn’t currently plan to list more contracts. It offers ones that expire in April, May and June.
The December 2017 launch of the futures on a regulated exchange was seen at the time as a watershed for Bitcoin, whose surge that year captivated everyone from mom-and-pop speculators to Wall Street trading firms. The Cboe contracts, soon followed by similar offerings from CME Group Inc., were seen as a way it make it easier for mainstream investors to bet on the cryptocurrency’s rise or fall.