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Bitcoin Futures Deliver Wild Ride as Debut Brings Rally, Halts

  • Cboe trading resumes after two circuit-breakers tripped
  • Derivatives may ease wagers on cryptocurrency’s rise or fall
Bloomberg business news
Bloomberg’s Adam Haigh reports on the start of the bitcoin futures trading on the CBOE.(Source: Bloomberg)
Updated on

Bitcoin has landed on Wall Street.

Futures on the world’s most popular cryptocurrency surged as much as 26 percent in their debut session on Cboe Global Markets Inc.’s exchange, triggering two temporary trading halts designed to calm the market. Initial volume exceeded dealers’ expectations, while traffic on Cboe’s website was so heavy that it caused delays and temporary outages. The website’s problems had no impact on trading systems, Cboe said. Bitcoin’s spot price rose.