Bakkt futures volume picks up

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It didn’t set the world alight but it seems the Bakkt futures contract picked up some decent volume yesterday.

On the monthly contract, the Twitter Bakkt Volume Bot recorded that 244 contracts changed hands vs 24 the day before.

Today has been better too as so far 62 contracts have been put through the ICE exchange for Bitcoin futures.

After the launch of the Bakkt exchange its fair to say the volume was nothing compared to the launch of the CME contract two years ago.

Today there have been a few more comments from the exchanges as CME commented that they hope the BTC options contract will be as popular as the futures one.

Today Bitcoin is trading slightly lower but there has been a reversal over the last two hours to the upside. Yesterday the BTC/USD price held up well considering the news that the latest ETF bid was shut down by the SEC over security and price manipulation concerns. It has been said that the Bakkt futures custody and security could address some of those concerns but the SEC seemed to have none of it.

 

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