Analysis: The closure of the Cboe Bitcoin futures market will not have a significant impact on Bitcoin's price trend

According to CCN, the last bitcoin contract XBTM19 of the Chicago Board of Trade (Cboe) will expire on June 19th, and Cboe will then withdraw from the market. In an interview with Bloomberg, Cboe spokesperson Suzanne Cosgrove said that the company has no plans to release new products for cryptocurrency trading and reiterated its attitude of closing the Bitcoin futures market. On the other hand, the trading volume of Bitcoin futures on the Chicago Mercantile Exchange (CME) has risen sharply, so some analysts believe that even if Cboe closes Bitcoin futures trading, it will not have much impact on Bitcoin's price trend. .