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Bitcoin Futures Trading Tumbles 93% as Day Two Begins: Chart

Bitcoin began its life on Wall Street with a bang, but day two is shaping up more like a whimper.

Bitcoin Futures Trading Tumbles 93% as Day Two Begins: Chart
A bitcoin sits on coaxial cables inside a communications room at an office in in London, U.K. (Photographer: Chris Ratcliffe/Bloomberg)
Bitcoin Futures Trading Tumbles 93% as Day Two Begins: Chart

(Bloomberg) -- Bitcoin began its life on Wall Street with a bang, but day two is shaping up more like a whimper. Just 147 bitcoin futures expiring in January changed hands on Cboe Global Markets Inc.’s exchange in the five hours through 1 p.m. Tokyo time Tuesday, worth a notional value of $2.6 million. That’s down from about $35 million traded during the same period on opening day. Prices for the contracts fell about 5 percent on Tuesday, after surging 24 percent in their debut.

To contact the reporter on this story: Yuji Nakamura in Tokyo at ynakamura56@bloomberg.net.

To contact the editors responsible for this story: Robert Fenner at rfenner@bloomberg.net, Michael Patterson

©2017 Bloomberg L.P.