News
Bakkt sold 28 bitcoins in ten hours
Sep 23, 2019 Forex News
Since the launch of Bitcoin futures trading on Bakkt, the trading volume has been 28 BTC. The long-awaited contracts were launched today. The first deal was concluded for $10,115 for bitcoin, the last registered price was $10,045.
Many commentators were skeptical about the relatively small trading volumes.
In the first week, at CME, Bitcoin Futures traded at $460 million. The current volume is about $700 million. The volume that Bakkt will attract this week is a key variable. Do you think Bakkt will fail or become successful?
Despite the long wait for the launch of Bitcoin futures trading, the market has yet to respond to any potential impact of Bakkt trading - at the time of publication, Bitcoin is trading below $10,000 (CoinMarketCap data). The expiration of CME futures has historically put pressure on the Bitcoin spot market, so there is no doubt that traders will study the impact of Bakkt futures in the coming days.
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