CBOE: Website Crash Had ‘No Impact’ On Bitcoin Futures Success
CBOE says Bitcoin futures trading was smooth following launch, despite website problems.
The Chicago Board Options Exchange (CBOE) has confirmed its website outages are not disrupting its Bitcoin futures trading.
After the exchange launched the pioneering futures on Sunday, its front-end interface crashed almost immediately, apparently due to high traffic volumes, leading to concerns that the launch would fail.
However, in a series of Twitter updates, CBOE said that the technical problems had “no impact” on the “orderly trading” of its new product.
Orderly trading on all @Cboe exchanges continues, and intermittent website delays have had no impact on trading activity.— Cboe (@CBOE) December 11, 2017
Bitcoin prices immediately rocketed following the release, correcting upwards following a dip below $13,000 in the run-up to Sunday.
At press time, almost 20 percent daily growth has contributed an average value of $16,785 per coin, according to Coinmarketcap exchange data.
Despite CBOE’s hiccups, commentators meanwhile note, the launch was in fact comparatively trouble-free for such a large-scale event that continues to draw huge numbers of interested participants.
“The launch was smooth, although our website experienced some issues due to an overwhelming number of hits looking for the trading data,” CBOE itself added in a new blog post Monday.
With the surge of public interest in crypto and Blockchain, 2017 has become notorious for crypto-related services having technical issues due to unprecedented consumer demand.
Major exchanges such as Coinbase, Poloniex and others have all felt the strain and experienced temporary delays and crashes. Coinbase has publicly promised to hire support staff and improve backend performance as the principal US exchange venue.