In a random turn of events, the Cboe website for price, has gone offline immediately after listing BTC futures on the Cboe market. In fact, the whole cboe.com domain is offline currently.
EDIT: as of 3:30 PM PST the website is back, but very slow and semi-operational.
This happened as BTC spiked over $1,000 on GDAX at 3pm PST, 6pm EST – the exact time BTC was to be actively traded on the Cboe Futures market.
When will the Cboe website be back online? Will bitcoin continue to soar without investors knowing the trading strategies of Wallstreet?
What is the Cboe Futures Market?
Bitcoin has a momentous moment in front of it, as trading begins in the first big financial market linked to the cryptocurrency.
The Chicago Board Options Exchange (CBOE) launched its Bitcoin futures contract, a financial product tied to the Bitcoin, that allows investors to bet on whether its price will rise or fall.
It is seen as a key moment because it will allow a new wave of professional money to go into Bitcoin, as well as providing an easy way to short it. Since many in high finance see Bitcoin’s meteoric rise in recent weeks as a classic bubble, a few might be tempted to bet against it. On the other hand, the leaps in its price last week mean it might not be a risk worth taking.
Some suggest Wallstreet will ride the wave and take Bitcoin to unseen heights, some suggest there will be no effect on the markets since the asset is actually being traded.
But atleast we can see there is a huge demand for the information, enough to take down the website afterall. If that says one thing, it says BULLISH