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Bitcoin futures’ debut delivers wild journey

Bitcoin has landed on Wall Road.

Futures on the world’s hottest cryptocurrency surged as a lot as 26 % of their debut session on Cboe International Markets Inc.’s alternate, triggering two momentary buying and selling halts designed to calm the market. Preliminary quantity exceeded sellers’ expectations, whereas visitors on Cboe’s web site was so heavy that it brought about delays and momentary outages. The web site’s issues had no influence on buying and selling methods, Cboe mentioned. Bitcoin’s spot value rose.

“It’s uncommon that you just see one thing extra risky than bitcoin, however we discovered it: bitcoin futures,” mentioned Zennon Kapron, managing director of Shanghai consulting agency Kapronasia.

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