In mid-September, the skepticism was still high, whether the Bakkt Bitcoin Futures will also encounter the expected response. The big money of the institutional investors come from? By now it is clear that Bakkt makes the cops hot. Because of the Bitcoin Futures exchange could increase daily trading volume since the beginning of September with a factor of 100x. So yesterday a whopping 5671 Bitcoin in the trading value of US $ 42 million. Bakkt bring in the next Bullrun?
Bakkt Bitcoin Futures with 100x since September
Admittedly, we have reported at the beginning of the Bakkt opening in September, about the Start of Bitcoin Futures sluggish delivery. In Parallel, we have said, however, that the launch of such a platform is always required to make an initial start-up time.And it is precisely this start-up time seems to be now end to. Since September, the daily trade could increase the volume of Bitcoin Futures to 100x. While in the beginning, volumes, days in the amount of 250,000 US dollars are traded per day, excelled Bakkt yesterday, with a trading volume of 42 million US dollars.
Daily summary of Wednesday’s Bakkt Bitcoin Monthly Futures:📈 – Traded contracts: 5671 ($42.52 million, +148%) (New ATH 🚀)
🚀 All time high: 5671 (11/27/2019)
💰 Open interest: $4.16 million (+6%)Follow @BakktBot for updates – Sats welcome @ https://cryptomonday.de/?r=https%3A%2F%2Ft.co%2FTF6sNUwWpO pic.twitter.com/wrX2qnLnOp— Bakkt Volume Bot (@BakktBot) November 28, 2019
First and foremost, it is of course good news that Bakkt grows so strong. Because, obviously, the interest in Bitcoin is increasing, Futures permanently. Crypto analyst Alex Krüger sees the message is still to bullish. Because the number of actually, physically delivered Bitcoin is almost Zero. Thus, as Kruger, it is a lot more to ‘paper trading’ as to the actual delivery of BTC.
Zero everyday, with the exception of two days in September, in which 1 bitcoin what is delivered each day.The more regulated the volume, the better. Bakkt’s growth is very positive. Yet keep present Bakkt is not that different from the CME. It is almost entirely paper trading.— Alex Krüger (@Krug macro) November 27, 2019
BTC options and Cash-Settled Futures in December
We say: Bakkt the Bitcoin Futures bullishes Momentum to build. This still continues to cheer, it holds two more aces up his Sleeve. So it is from the 09. December Bitcoin options. Futures and options are two very similar financial instruments. The difference is small but significant:The Bitcoin Casino with Fairness guarantee!Fair spin.io has been awarded as an innovative Startup several times, and thanks to the Blockchain technology, complete transparency. You secure today 100% Bonus on the first Deposit and 30 free Spins! Now to win!While Futures are legally binding, acquires an Investor in options a lot more, the purchase or sale law. So that means that an Investor must sell at the delivery date (=date of expiry of the contract) the Asset is not a direct buy/. Something striking words: Futures are firm and legally binding. Options are more flexible.
Two months after their debut, Bakkt Bitcoin Futures reached a record high of 4,443 contracts traded today up over 60% from our last record-setting dayWe look forward to building on this momentum as we approach the launch of the Bakkt Bitcoin Options contracts on Dec 9th— Bakkt (@Bakkt) November 27, 2019
We now come to the second ACE, the Bakkt keeps up his Sleeve: the so-called Cash-Settled Futures. While the specificity of Bakkt was to confine only to physical Bitcoin Futures, this will change now. Also to 9. December will be launched in Singapore, the cash-based Futures.
On December 9, the @Bakkt Bitcoin (USD) Cash-Settled Monthly Futures contract will launch at ICE Futures Singapore.Read the press release: https://cryptomonday.de/?r=https%3A%2F%2Ft.co%2Fy7WqujQUbw pic.twitter.com/1RAJKU94eI— ICE (@ICE_Markets) November 22, 2019
How bullish the Bakkt News for you? – Record volumes, Bitcoin options and Cash-settled Futues. The Bakkt Bitcoin price rocket the next Bullrun?Come in to our Telegram Chat and talk with the experts and the Community. Subscribe to our News channel to not miss any News. (Image Source: Shutterstock)