The first day of bitcoin futures trading on the CBOE exchange is over and the day largely went according to plan, according to its CEO.
Overall, Monday saw the price of bitcoin push above $17,000 on CoinDesk's Bitcoin Price Index (BPI) to hit a new all-time high in the hours after the Chicago-based firm began trading the derivatives. That process began late Sunday, an event that coincided with a near-simultaneous crashing of CBOE's website.
The price of bitcoin jumped over $1,000 in minutes.
Reports indicate, however, that trading has gone relatively smoothly since then. As Bloomberg shows, CBOE's circuit breakers – essentially market backstops that pause trading during periods of heightened volatility – were triggered twice during the first six hours of trading yesterday.
https://www.coindesk.com/according-plan-cboe-bullish-first-day-bitcoin-futures-trading/