Bitcoin lands on Wall Street with a bang
"In the future, traders will also start arbitraging and speculation will go in another higher gear"
New York/Chicago — Bitcoin landed on Wall Street with a bang. Futures on the world’s most popular cryptocurrency surged as much as 25% during their debut session on Cboe Global Markets’ exchange, triggering two temporary trading halts meant to cool volatility. Dealers said initial volumes exceeded expectations, while traffic on Cboe’s website was so strong that it caused delays and outages. The exchange said all its trading systems were normal. The launch of futures traded on a regulated exchange is a watershed for bitcoin — testing infrastructure that will make it easier for legions of professional traders and mainstream investors to bet on the cryptocurrency’s rise or fall, potentially helping to steer its price. Until now, trading in bitcoin was driven mainly by individual investors who were willing to risk buying on mostly unregulated markets. Some users of those little-policed venues have been targeted by hackers who’ve stolen digital tokens. "It was pretty easy to trade," Joe ...
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