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IPFS News Link • Bitcoin

Chicago Options Exchange Getting the Bitcoin Bug: "We Believe" says President

•, C. Edward Kelso

A 7000 USD price point will change many minds, so will a 120 billion USD market capitalization. Cryptocurrencies, lead by bitcoin, are officially all the rage in investment circles.

In truth, Cboe Global has been more out front than most legacy outfits of its class. It recently inked a deal with Gemini Trust Company, LLC., in hopes of listing bitcoin derivatives, for example.

Continuing their pack-leading, Chris Concannon, Cboe Global's President and COO, struck a very optimistic tone toward cryptocurrencies' eventual place on legacy exchanges. In a Q3 conference call he explained, "Over time, we do envision (our bitcoin) ETF coming to market," he said, "once the regulated futures market is built … we're encouraged by everyone's focus on this space."