Cboe Global Plans to Wind Down Digital Asset Trading Platform

Cboe Global Markets Inc., the first mainstream exchange to let people buy and sell Bitcoin futures, is closing down its spot digital asset trading platform and folding its crypto operations into existing derivatives and clearing business lines.

The changes are being made as part of a strategic review, taking into consideration the lack of regulatory clarity in the digital asset market, Cboe said in a statement Thursday.

In December 2017, Cboe became the first major U.S. exchange to offer an investment product pegged to the wildly fluctuating cryptocurrency. Another Chicago-based exchange, CME Group Inc., was soon to follow with ...