In the first week, the trading volume of Bakkt bitcoin futures amounted to only $ 5.2 million

In the first week, only 623 transactions with deliverable bitcoin futures were completed on the Bakkt platform.

Since each contract corresponds to one bitcoin, then at the current level of prices for military-technical cooperation at $ 8360, during this time the trading volume amounted to only about $ 5.2 million.

For comparison, on CME, the only competitorBakkt, on Friday alone, there were 4,099 trades involving Bitcoin futures contracts, each worth five coins. In total, this is approximately $165 million per day.

After the launch of the trading platform on September 23, Bakkt traded on averageless than 5 daily bitcoin futures.

These figures are low forinstitutional market, which the company's management is targeting. Although experts argue that large investors need time to move from one site to another, unless there are clear economic advantages or risks. According to Alexey Kiriyenko, managing partner of the investment company EXANTE, the results will be indicative only in a quarter.

Assessing the first results of Bakkt, representativeICE Damon Levell said that given the lowest spreads on the market for deliverable futures, which ended in October, the current result is a real achievement.

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