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.

 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

Cryptos feed

Latest Crypto News & Analysis

Editors’ Picks

Bitcoin (BTC) bulls surrender $8,000, move towards $7,800

Bitcoin (BTC) bulls attempted a recovery but failed to hold the ground above $8,000. A strong sell-off during early Asian hours took the price below the pivotal handle towards the intraday low of $7,869.

More Bitcoin News

NEO price analysis: NEO/USD locked in a range amid growing bearish pressure

NEO, currently the 22nd largest coin with the total market value of $500 million, has gained about 1.2% in recent 24 hours to trade at $7.0 at the time of writing. Since the beginning of Friday, NEO/USD has lost 2.3%. 

More NEO News

Ethereum price update: ETH/USD makes a quick return to $170

Ethereum bears are making a quick return to $170 after the bullish action staged on Thursday failed to successfully target $180 resistance level. It is likely that the crypto market will usher in the weekend sessions in losses. As for Ethereum, the price is teetering at $173.73 amid a strengthening bearish momentum.

More Ethereum News

Litecoin market update: LTC/USD gazes into a bottomless pit

The cryptocurrency market suddenly turned bearish on Friday. Although the Asian session was characterized by intense pressure on support areas, most of the damage has been made during the current European session.

More Litecoin News

BEST CRYPTO BROKERS/EXCHANGES

Bitcoin Weekly Forecast: Nothing to crow about

Bitcoin (BTC) attempted a recovery above $8,400 and resumed the decline into the end of the week.

Read the weekly forecast

BTC

ETH

XRP