Bitcoin futures had a strong debut yesterday on the Cboe Global Markets Inc exchange, surging so much in its first session that it tripped two price halts on the network.
The futures triggered these circuit breakers with a 26% jump after trading began, according to reports by Bloomberg.
Additionally, trading volume was above expectations for the network, leading to delays and even temporary outages on the Cboe website thanks to heavy traffic.
The opening of bitcoin futures follows a growing interest in cryptocurrencies as bitcoin’s valuation continues to rise, climbing towards a $20,000 value.
The digital currency has grown nearly 2,000% in value (approximately 1,600%, depending on the day) over the course of 2017, leading to both an increase in mainstream interest in the currency as well as growing concerns that bitcoin might be creating a bubble.