The first trading session of Bitcoin futures saw two temporary suspensions in a bid to dampen volatility, after prices surged 25%.
According to Bloomberg, trading of the futures on the CBOE Global Markets Inc exchange was so strong it caused delays and outages. The first trading halt came after 2.5 hours and the second after four hours. CBOE will halt trading in an attempt to curb volatility for two minutes if prices rise or fall by 10% or more, for five minutes at 20% and at least five minutes at 30%. Bitcoin futures expiring in January increased from an opening price of $15,000 to over $18,000, while around 2,300 futures contracts changed hands, according to Bloomberg. Introducing Bitcoin futures is a signi...
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