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Chicago Option Exchange cryptocurrency still not giving up, waiting for approval of Bitcoin ETF listing application

CBOE’s CEO says it wants to meet the high demand for cryptocurrency from retailers.

Ed Tilly, CEO of the Chicago Options Exchange (CBOE), said the Chicago-based exchange holding company did not “give up” cryptocurrency despite previous setbacks.

According to Cointelegraph, a cryptocurrency media outlet, CBOE, an exchange holding company based in Chicago, is an early pioneer in the U.S. regulated bitcoin futures trading and plans to build more futures products in the cryptocurrency sector in the future.

In a new interview with BNN Bloomberg on the 25th, CEO Ed Tilly said that the company has not only always been comfortable with the crypto futures trade, but is still committed to it.

The Chicago Options Exchange (CBOE), which listed the first Bitcoin (BTC) futures product in North America in December 2017, later faced fierce competition with popular BTC futures on the Chicago Merchandise Exchange (CME), and eventually ended the product in 2019. Nevertheless, Tilly said, “We’re still interested in the field and haven’t given up. We’re trying to build the whole platform. We have to be there because there’s a lot of demand from retail and institutions.” .

What is frustrating is that U.S. supervisory authorities have already been reluctant to approve the listing of the Bitcoin Exchange Fund (ETF) after the CBOE has already failed to list the Bitcoin Exchange Fund.

After a recent unsuccessful listing attempt, CBOE’s BZX exchange is now awaiting the Securities and Exchange Commission’s initial approval of the VanEck Bitcoin ETF listing application.

Meanwhile, Van Ek filed a lawsuit claiming that he failed to gain support from his former partner SolidX for the Bitcoin ETF filing, and in the last filing, Van Eck had plagiarized his work on the initial application for the ETF in January this year. .

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