Sep 30, 2019 Forex News
In the first week after the launch, the trading volume on the regulated cryptocurrency platform Bakkt amounted to $5.8 million. Many cryptanalysts considered Bakkt as the main platform for attracting institutional investors to the market, but it seems that they are not interested in supplying Bitcoin futures.
Cryptotrader and analyst Alex Krueger notes little interest in Bakkt daily futures with a volume of 5 bitcoins per week - that is, only one daily future contract was traded every day (1 contract = 1 bitcoin).
In the first week, the total trading volume of Bakkt was about $5.8 million. The platform was able to interest traders with their daily delivery futures for as many as 5 Bitcoins. It is a successful launch.
For comparison, the trading volume of CMOE in the first week after the launch amounted to $460 million.
Some analysts note that interest in Bakkt supply contracts will grow gradually, as large investors will first observe how this market works and how it is regulated.
Bakkt has become one of the most “hype” projects in the crypto community, so many attributes the drop in bitcoin prices by almost 20% to its relatively modest trading volumes on the first day after launch. After more than a year of excitement, low trading volumes could scare investors who hoped to see new money on the market from institutions.
Despite the short-term effect of rumors that Amazon was going to accept Bitcoin this year and the subsequent pullback, the BTC/USD pair was able to find support in the area of $36500 and start a new rally. As a result, today the BTC/USD pair was able to rise
Mar 2, 2023 Forex Forecast
Dear clients, Please note that due to Independence Day celebrated in the USA on 4 July 2022 you may experience the following changes: Monday, July 4rdMetal CFDs: trading closes at 21:30. Indices CFDs: Europe 50 (#ESX50): trading closes at 23:00; France 40 (#FCHI): trading closes at 23:00;
Jul 1, 2022 Company News
On March 13th, 2022 TenkoFX will switch its trading servers 1 hour ahead, from GMT +2 to GMT +3. The change will affect all types of TenkoFX trading accounts. In ECN, STP accounts summer time will take effect starting with the market opening on Monday, March 14th, 2022. In Crypto
Mar 10, 2022 Company News
Dear Clients, Please note that due to President’s Day in the US on February 21, 2021, trading hours for some financial instruments will be changed as follows: Spot commodities CFD:Gold (XAUUSD) - trading ends at 21:30;Silver (XAGUSD) - trading ends at 21:30;US Crude (XTIUSD)
Feb 14, 2022 Company News