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Bitcoin Futures Hit New Highs as BTC Price Taps 11-Month Peak

The Intercontinental Exchange (ICE) backed Bakkt has just reported its largest single-day volumes for physically settled monthly Bitcoin futures contracts. On Monday, the figure hit a new record, trouncing the previous one. “Our Bakkt Bitcoin Futures reached a new record high of 11,509 contracts traded today – an increase of 85% from our last record-setting day,” – Bakkt tweeted. Physically-settled contracts are paid out in BTC as opposed to cash-settled ones that get delivered in USD....

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Bakkt Hasn’t Experienced Any BTC Options Trading Since Mid-June

Is it safe to say that Bakkt has been a total failure?Bakkt Really Hasn’t Amounted to MuchIt has been roughly one year since the institutional crypto trading platform came about, and one honestly wonders what it’s contributed to the space, especially when examining the latest trading figures the platform has been experiencing. For more than a month, bitcoin options have not been traded via the platform, and since June 15 of this year, the numbers for Bakkt have been stuck at a big fat zero.To...

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$1 Billion Bitcoin Options Expire On Friday: Upcoming Showtime For BTC Price?

The notional value of Bitcoin options contracts set to expire tomorrow has reached a new record by exceeding $1 billion. With such a massive amount, the question remains how and if it will impact the price of the primary cryptocurrency.BTC Option Contracts To The MoonAs CryptoPotato reported shortly after the mid-March panic sell-offs, Bitcoin options trading volume was declining, especially on regulated exchanges. However, the tide has turned since then, according to the cryptocurrency...

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Bakkt Partners With Galaxy Digital To Offer Bitcoin Trading And Custody For Institutions

Bakkt, the Bitcoin derivatives trading and custody platform owned by the Intercontinental Exchange (ICE), has partnered with the investment management company Galaxy Digital to launch a joint trading and custody venture for digital assets.The official announcement unveiled earlier today informs that Galaxy Digital Trading, an affiliate of Galaxy Digital, will provide the market access and trading capabilities for the new collaboration. The Bakkt Warehouse, on the other hand, will serve as the...

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Bakkt wächst weiter: 70 neue Kunden

Seit Montag, dem 22. Juli 2019 bietet Bakkt seine Dienstleistungen für die ersten Kunden an. Im vergangenen Jahr ging die Bitcoin-Future-Plattform von Bakkt an den Start. Die ersten Tage waren eher enttäuschend, dennoch ist die Zahl der Kunden inzwischen deutlich gestiegen. Einem aktuellen Blogpost zufolge betreut Bakkt nun mehr als 70 institutionelle Anleger. Für normale...

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Bakkt Expands Loyalty Program, Increases Insurance Coverage, and Onboards 70 New Clients

Bakkt, the Bitcoin futures contract platform of the Intercontinental Exchange (ICE), has partnered with an insurance broker to increase its coverage by an additional $500m. The company also announced the onboarding of 70 new institutional clients and the expansion of its loyalty program.Bakkt Increased Its Insurance CoverageEarlier today, Bakkt’s President Adam White shared a blog post regarding the latest developments coming from the firm. Firstly, Bakkt has partnered with Marsh – one of the...

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3 CEOs In 4 Months: David Clifton Appointed As CEO of Bakkt, Only 4 Months After Mike Blandina Was Appointed

David Clifton was recently appointed Interim CEO of Bakkt by the board replacing previous CEO Mike Blandina who has only held the CEO position for less than four months.The move comes after Blandina replaced former CEO Kelly Loeffler during last December, as she opted to take a Senate seat for the state of Georgia.Mike Blandina had come into his role with high expectations having previously held roles at PayPal and Google. However, he didn’t hold in the position at the popular Bitcoin futures...

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US CFTC Greenlights Another Exchange To Offer Bitcoin Futures

Bitnomial is the latest cryptocurrency exchange to receive the green light from the US Commodity Futures Trading Commission (CFTC) for offering US Bitcoin futures and options as designated contract markets (DCM). Announced on April 20, the derivatives contracts are to be margined and physically delivered, which means that traders will get Bitcoins after the final settlement of the contract. User Acceptance Testing Scheduled For This Month Even though the launch date of derivatives trading is...

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Bitcoin Options Trading Has Surged in the Past Four Weeks

Today marks a solid change for the bitcoin price. At the time of writing, the world’s number one cryptocurrency by market cap has jumped into the $7,200 range – a solid $200 boost from where the currency last stood.Bitcoin Options Trading Is GrowingA lot of analysts are attributing this little surge to the fact that bitcoin options trading appears to have spiked in the last 48 hours. Over the past couple of days, many major exchanges – including Bakkt, OXEx and CME Group in Chicago – have...

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Grayscale Reports $1 Billion in BTC Trades Since 2019

One of the biggest complaints about the cryptocurrency space is that it isn’t doing enough to attract institutional investors. Well, this may be changing thanks to newfound attention for the Grayscale Bitcoin Trust in New York.Grayscale Is Boosting the Institutional PresenceDespite attempts to integrate institutional crypto trading platforms such as Bakkt – owned and governed by the Intercontinental Exchange (ICE) – the presence of professional investors in the crypto world appears to be...

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