Trading volume Bitcoin futures on Bakkt increased by 3,100 percent

Platform for trading Bitcoin futures Bakkt gradually attracts new traders — after not very successful launch of its trading volumes increased significantly. For the environment the amount of transactions with futures reached 224 BTC — or about 1.83 million dollars at the current rate. This is almost 3,100 percent more than in the first day of the start Bakkt. We will remind, then the amount of transactions did not exceed seven bitcoins.

About a new achievement, the staff of the platform, told the official Twitter account.

In this latest notification about the status of trading on Bakkt can be found on page Bakkt Volume Bot.

This year’s futures with physical delivery were given special attention. A few months ago, the majority of cryptoendoliths believed that the launch Bakkt will be attracted into the industry a huge number of institutional investors, which will give a noticeable boost to the Bitcoins. Unfortunately, after only a few hours after all the expected events, the value of the main cryptocurrencies began to decline rapidly.

Slow start

We will remind, in the end of 2017 was launched trading Bitcoin futures on CME. The Chicago stock exchange is also disappointed by the low trading activity at the start, however over time the volume of transactions on the CME has increased significantly.

For comparison: sales volume of traditional cryptocurrency exchanges from top exceed 2.4 million of bitcoins in one day. Thus for the network of main cryptocurrencies handle huge number of transaction totaling more than one billion dollars. So, for exchanges success Bakkt still tiny, but over time the gap is clearly reduced.

By the way, Bakkt had to start much earlier, but the start was delayed due to litigation with the Commission commodity futures U.S. (CFTC).

It is noteworthy that the growth of activity on Bakkt coincided with a local increase in the prices of Bitcoin. The rise in prices of cryptocurrencies on the exchanges while having a positive effect on trade Bitcoin futures with physical delivery. In the last day BTC dipped slightly — now for the coin offer 8367 dollars.

Read expert opinion: Why launch Bakkt is the best event for Bitcoin investors?

By the way, on Thursday, the trading volume was equivalent to 102 bitcoin, that is, the results decreased at least two times in comparison with the record.

The developments around Bakkt stay in our cryptodata millionaires. And we have Yandex Zen.

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