Launch of CBOE Bitcoin Futures: D-Day!
Today is a great day for the world of cryptocurrency since the first bitcoin futures have just been launched at CBOE. Let's go back to all the excitement around the arrival of futures on the market ...
That's it, future bitcoin are here!
If there is an event that cryptocurrency operators have been waiting impatiently for a few days, it is the release of the first future bitcoin. This is well and truly done, the first bitcoin futures were launched on the Chicago Board Options Exchange (CBOE) marking a new era in the world of cryptocurrencies.
However, this system of "futures contract" is not really unanimous. Some have not hesitated to point the finger at the system even before its official launch, while others have even announced their intentions to sell their bitcoin assets before the famous exit of futures.
But despite the bad news, futures have arrived in the financial market thanks to the CBOE, and traders can now bet on the price of bitcoin even without being holders of digital currencies.
The first "impacts" of the exit of the future
A few hours after this much anticipated launch, the first findings are pretty good, and there is even talk of successful exit for future bitcoin.
For example, one of the first futures contracts was offered at a price of $ 15,000 at the time of launch (23:00 GMT). But the value of the "future" has experienced tremendous volatility thereafter, reaching the $ 17,750 mark after only twenty minutes. Better still, bitcoin climbed to $ 18,010, beating all the records in terms of price (see our market analysis).
Thus, the exit of the futures has as expected generated a huge craze in the financial market, that even to the point of causing a bug on the official website of the CBOE. Indeed, the site of the famous trading platform could not resist the innumerable requests of investors and was inaccessible for several minutes. The CBOE confirmed this by explaining that the slowdowns were indeed due to the increase in traffic.
And what next?
In conclusion of what has happened in recent hours, observers believe that the craze around futures will increase further in the coming days. Especially since other operators like the CME Group will soon tackle the bitcoin futures market. The BTC continues on its powerful uptrend and unstoppable ...