Bitcoin Breaks CBOE – Website Crashes as Futures Trading Begins
As the crypto and financial worlds look on, the CBOE website crashes, unable to handle the massive influx of traffic as Bitcoin futures trading begins.
Uh oh, Houston…we have a problem.
CBOE’s website crashed within moments of the exchange opening on Sunday, unable to handle the massive influx of traffic resulting from the launch of its Bitcoin futures contract. The launch, which marks the first time that Bitcoin futures have traded on a major exchange, has been making headlines since it was first announced just five short days ago.
Due to heavy traffic on our website, visitors to https://t.co/jb3O722hoo may find that it is performing slower than usual and may at times be temporarily unavailable. All trading systems are operating normally.
— Cboe (@CBOE) December 10, 2017
The crypto community, of course, is responding with its usual sense of humor:
— Dennis (@Xentagz) December 10, 2017
CBOE crash notwithstanding, Bitcoin prices continue to rally, climbing from $14,901 to its current price of $15,517. Whether or not prices will continue to climb is a question on everyone’s mind as fears about the impact that futures trading could have on Bitcoin caused prices, which had surged to an all-time high of $18,353 on Friday, plummeted to a low of $13,300 before correcting.
Some users were reporting outages at Coinbase as well, although no statement has been released to the fact. At the time of this writing, Coinbase appears to be up and fully functional.
Will CBOE’s website crashing have any negative impact on the digital currency’s price? Let us know in the comments below.
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