Bitcoin finally arrived on Wall Street with the launch of the Chicago Board Options Exchange’s (CBOE) futures for the cryptocurrency on Sunday.
Within hours of the exchange kicking off trading for Bitcoin futures at 6PM ET, they soared by 25 percent – triggering a five-minute trading halt that’s similar to a pause in trading stocks when prices rise or fall drastically.
The launch also caused CBOE’s site to crash, due to a massive surge in traffic.
Things soon returned to normal, and trading of the new futures, which use the XBT ticker symbol, continued.
Due to heavy traffic on our website, visitors to https://t.co/jb3O722hoo may find that it is performing slower than usual and may at times be temporarily unavailable.
All trading systems are operating normally.