Bitcoin

Bitcoin is losing its Wall Street buy-in

Illustration: Rebecca Zisser/Axios

The public markets' cryptocurrency hype is no more and it's losing votes of confidence from Wall Street.

Driving the news: The Chicago Board Options Exchange (Cboe) will no longer support bitcoin futures trading after June, despite being the first exchange to pioneer the bitcoin-futures market in late 2017.

Trading interest in Bitcoin bounces back

In this image, the neon blue and white Bitcoin logo is highlighted on a black phone screen in front of a bright colored background of numbers.
Photo: Omar Marques/SOPA Images/LightRocket via Getty Images

Bitcoin, left for dead by many investors, has been on a tear of late and is attracting significant interest from speculators.

Why it matters: Traders raised their bullish bets on bitcoin to the highest level in 11 months on Monday, data from cryptocurrency exchange Bitfinex shows, and traders are continuing to pile into the cryptocurrency.

More stories loading.