Pitcairn prices rise with the launch of the platform "CBOE" trading futures contracts

Despite predictions that the futures contracts will make it easier to calm volatility in asset prices, the release of CBOE futures this evening has led to a significant rise in the currency. Futures trading began at 5 pm on December 10 at $ 15,000, matching the price of the Betcquin on the Gemini trading platform. After about five hours, the price of the Betcairn rose to $ 16,800 on the Gemini platform. Futures contracts ending in January 2018 are trading at $ 18,500, up $ 3,500. This surge in the price of futures has already triggered two "Circuit Breakers" and threatens to move the third. The Central Bank of Korea has implemented the so-called Circuit Breakers to give traders a chance to pause and reconsider if major price movements occur. This means that gains or losses of more than 10% lead to a two-minute downtime, while a move of 20% or more will stop trading for five minutes.

As we mentioned earlier last night, the release of the US CBOE for the Futures Futures Contract (which trades under the symbol "XBT") immediately caused a sharp increase in demand on the stock exchange. In the past five hours, about 2,000 contracts have been traded. As each contract represents one of the Betquin, meaning that the volume exceeded $ 30 million in just a few hours. This is particularly noteworthy given that Wall Street traders usually work from Monday through Friday, and tomorrow is expected to be a very important day.