Bitcoin Futures Start Strong as 26 Percent Rally Triggers Halts

Derivatives may ease wagers on cryptocurrency's rise or fall.

Bitcoin is officially on Wall Street, and came it hot. Futures on the world’s most popular cryptocurrency soared as much as 26 percent from the opening price in their debut session on Cboe Global Markets Inc.’s exchange. This surge triggered two temporary trading halts designed to calm the market. Traffic on Cboe’s website was so heavy that it caused delays and temporary outages, and initial volume exceeded dealers’ expectations. The launch of futures on a regulated exchange marks a huge turning point for bitcoin.

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