Cboe Futures Exchange (CFE) is putting its bitcoin futures market on hold.
The unit of Cboe Global Markets said Thursday that it would not add a new bitcoin futures market for March, citing a need to review how it approaches the space.
However, Cboe said currently listed bitcoin futures contracts will remain available for trading. That means the last contracts listed, XBTM19, will expire in June.
Cboe, along with rival Chicago futures exchange CME Group, made a big splash in late 2017 when each introduced bitcoin futures contracts. But by many accounts, Cboe's volume has been disappointing.
The Chicago exchanges' futures are cash-settled, meaning at the end of the contract one party pays the other the difference between the spot and futures prices of bitcoin in U.S. dollars.
By contrast, up-and-coming competitors Bakkt and ErisX plan to offer physically settled futures contracts, in which real bitcoin is delivered to the buyer.
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