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The bitcoin exchange CME plans to use for futures is down
By Camila Russo
Wednesday, November 15, 2017
This is exactly what the bitcoin futures naysayers have been warning about: One of the exchanges which CME Group Inc. would use to price the contracts is having serious issues.
Clients of San Francisco-based Kraken are seeing slow responses from the website, connection timeouts, and delays in withdrawals, the cryptocurrency exchange said in a statement late Tuesday. "We are investigating these issues and working to resolve as quickly as possible," the statement said.
Problems in the fifth-biggest exchange by bitcoin trading volume come just three days after Seoul-based Bithumb's servers crashed as a sudden surge in usage caused a connection failure. The issues raise concerns about whether largely unregulated exchanges, without the safeguards of securities bourses, will be able to reliably provide prices for indexes tied to futures and exchange traded funds, and cope with higher trading volume that could come if institutional investors start buying cryptos. ...
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