Cboe Mulling Adding More Digital Currencies to Futures Lineup

Cboe Global Markets Inc., which launched bitcoin futures in December, is considering adding other cryptocurrency futures products.

In an interview with CoinTelegraph, Dennis O’Callahan, CBOE’s director for product development, said “we have been looking at the Blockchain itself, and cryptocurrencies themselves, so we have been looking for a long time, but never found a way that we were comfortable with until last year in March, when we looked at this particular design that we have. It is still an ongoing process.”

Bitcoin futures debuted on the Cboe in December, followed by a launch on the CME. Nasdaq Inc. is still considering entering the bitcoin futures competition.

Market observers previously expected Nasdaq to launch futures on the digital currency this year, perhaps as early as the second quarter. After bitcoin, the largest cryptocurrencies are Ethereum, Ripple, Bitcoin Cash and Litecoin.