Chicago Catches Crypto Fever with Barrage of Bitcoin Developments

Digital commodities such as bitcoin have captured the imagination of exchange operators but regulators—and even some market participants—are hesitant.

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During an earnings call on November 7, Cboe president and COO Chris Concannon said the Chicago Mercantile Exchange’s (CME’s) decision to launch futures based on bitcoin validated the exchange group’s position on the digital commodity—Cboe announced on August 2 that it would be launching its own futures contracts based on bitcoin next year.

“Overall, the cryptocurrency space is the space that I think we believe in and certainly our competitor across town believes in as well,” he said. “And I’m

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