In a confirmation of cryptocurrency trading that had its share of growth difficulties this year, CBOE launched trading Bitcoin futures at 17h Central Time. minutes. CBOE has confirmed that slow users (and 404 errors) are due to much higher than normal traffic:
Due to the heavy traffic on our site, visitors to https: // t .co / jb3O722hoo may find that it works more slowly than usual and can sometimes be temporarily unavailable. All trading systems operate normally.
– Cboe (@CBOE) December 10, 2017
Since the beginning of the year, the adoption of digital currency and the appreciation of price, causing virtually all major trade to cope with their share of slowdowns and accidents. Many had speculated that once Wall Street would be involved, with robust servers capable of (and accustomed to) handling huge amounts of traffic, they would destroy traditional Bitcoin exchanges. Apparently, even big Wall Street companies are going to struggle to cope with the demand for Bitcoin
Faced with the opening of futures contracts, the price of Bitcoin has always been volatile. In the minutes following the opening of the futures markets, the price jumped by more than $ 1,000 just to fall immediately in half. At the time of going to press, the price is again on the rise
It's fascinating to watch
Bitcoin jumps $ 1200 in 7 minutes and then drops $ 500 in 1. Meanwhile, the CBOE still has to go through the imbalances and open up the contract for trade.
At this rate, the BTC will hit one of the breakers before the CBOE can even start rolling! pic.twitter.com/AAzzE3MshN
– TF Metals Report (@TFMetals) December 10, 2017
It's hard to say how much "feeling" is right, but a lot about the / r / BitcoinMarkets subreddit remained in fiat until the launch of the futures markets. In recent weeks there has been a lot of fears that opening up the regulated futures market could make it easier for institutional investors to short-circuit the currency, driving down prices. Judging by the price action at the moment, these fears seem to have diminished most of the time, but traders remain nervous.