- Cboe President Chris Concannon said the firm could launch more products, such as futures for ether and bitcoin cash.
- In August, Cboe announced it would launch a bitcoin futures contract.
- Two months later, CME announced its product, which is set to go live first, on December 18.
On Friday, the US Commodity Futures Commission gave exchanges the green light to roll out bitcoin futures, and Cboe President Chris Concannon says other cryptocurrency futures might be on the horizon.
Concannon told Business Insider that bitcoin futures, which will allow investors to bet on the future price of the digital coin, is a meaningful development for the scorching-hot cryptocurrency.
CME announced Friday it is set to roll out its futures product on December 18, whereas Cboe Global Markets is preparing for a launch as soon as the end of the year. Cboe will announce its launch day shortly, according to Concannon.
Still, he made sure to hint at the fact that Cboe was the first exchange to lean in on bitcoin by throwing a bit of shade at his rival, CME head Terry Duffy.
“I applaud Terry Duffy in joining us in this endeavor,” he said. “This is the beginning of what will become a major asset class over the next 10 years.”
Concannon said the exchange thinks a family of cryptocurrency products, including futures for ether and bitcoin cash, could come to fruition as the market continues to mature. A spokesperson for CME decline to comment on the launch of additional products in crypto.
“We started down this road in the form of an ETF,” he said. “A healthy market is a healthy underlying market, derivatives markets, and an ETF. That will take time.”