September 19, 2020

Bakkt sales hit record highs

Bakkt sales hit record highs

This Wednesday, October 23, 640 Bitcoin contracts were sold on the Bakkt platform. In addition, the total daily allowance trading volume reached 4.8 million dollars, which is 653% more than the total trading volume of the previous nine days.

It is noteworthy that the record trading activity on the Bakkt platform coincided with the fall in BTC prices below the weekly SMA100 - to the lowest level in the last five months.

Meanwhile, trading activity on the Chicago Mercantile Exchange (CME) rose 65% to 8,187 contracts worth $ 307 million.

Bakkt began supplying bitcoin futures inSeptember, but trading volumes on the platform remained low. In this regard, many analysts began to believe that institutional investors have lost interest in digital currencies.

It is still unknown whether the jump to 640 contracts is a one-time event, or whether the platform is finally gaining popularity.

According to the materials www.fxstreet.com