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Tag Archives: cme bitcoin futures

Bakkt Closes Series B Funding and Raises $300 Million from Microsoft, Pantera and Others

Bakkt closed a $300 million Series B fundraising round. The round was led by Microsoft’s M12, Pantera Capital. PayU and other prominent companies.Bakkt, the cryptocurrency derivatives exchange, has undergone series B funding. This was to the tune of $300 million. Sources say that the exchange involved many partners. Intercontinental Exchanges (ICE), which is Bakkt’s parent company, Microsoft‘s M12, Pantera Capital, PayU, CMT Digital, Boston Consulting Group, and Goldfinch Partners were among...

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CME Bitcoin Futures May Ensure Bright Prospects for BTC

According to the statistical data from the CME Bitcoin futures market, BTC may continue rising despite the current pullback.The CME Bitcoin futures market opened with the latest refresh data showing the best for BTC since the company introduced it in 2017. The data from CME Group provides investors and traders with transparency, price discovery and also risk management capabilities in order to make informed decisions in their trading. Therefore, it is worth noting that the latest update...

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CFTC Chairman Heath Tarbert Expects Ethereum Futures to Arrive by 2020

Heath Tarbert, the chairman of the United States Commodities and Futures Trading Commission (CFTC) says that the first Ethereum futures will arrive by 2020. Just ten days back, the CFTC chairman confirmed that Ethereum is a ‘commodity’ just like Bitcoin.Speaking at the DC Fintech Week at Georgetown University, Tarbert told Chris Brummer that ETH futures could “absolutely” arrive within the next six to twelve months. He cautioned that launching new futures contracts doesn’t mean there’s...

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First Week Performance of Bakkt’s Bitcoin Futures Remains Disappointing

Last week, the Intercontinental Exchange (ICE) launched its regulated Bitcoin Futures contracts. While there was a lot of buzz before the launch, Bakkt failed to make an impact on the market.The Bakkt futures contracts saw very lukewarm response from investors. With one week since its launch, the Bakkt futures contracts have just $5 million in total trading. Bakkt’s Bitcoin futures contracts come in two options – daily and monthly settlement. The daily contracts settlements have received an...

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Bitcoin Price Could Test $7,500 Support, Are Institutional Investors Behind this Plunge?

Bitcoin and the entire crypto markets arena are in chaos currently after an abrupt drop in Bitcoin network’s hash rate that resulted in heavy losses on September 24. Some analysts also believe that eh recent drops are as a result of a disappointing launch of the much-anticipated Bakkt platform.On that day, Bitcoin price dropped sharply, losing up to 15% of its value in hours confirming a bearish reversal. All that happened as investors focused on Bakkt’s low Bitcoin trading volume and it...

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Bakkt Bitcoin Futures Gets Mild-Response on Day 1, BTC Price Drops Below $9800

On Monday, September, Bakkt announced the commencement of the trading facility for its physically-settled Bitcoin Futures contracts. Bakkt‘s Bitcoin Futures contracts offer both, daily contracts and monthly contract settlement options. Besides, that Bakkt platform also provides Warehouse facility for storing the physically-delivered Bitcoin tokens upon contracts expiry.But despite much hype surrounding the launch of Bakkt Bitcoin Futures, the first day of trading was not very impactful. On...

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Bitcoin Trading on ICE’s Bakkt Futures Platform Breaks $290,000 Barrier

Earlier today, Bakkt announced the live trading for its much-awaited Bitcoin Futures contracts. Bakkt Bitcoin Futures Contracts come with daily and monthly settlement periods along with its safe custodial solution called the Bakkt Warehouse.Bakkt Bitcoin Futures are now actively trading on ICE Futures U.S., while the Bakkt Warehouse continues to onboard bitcoinWe take our customers’ trust seriously, and are excited to serve this market— Bakkt (@Bakkt) September 23, 2019Bakkt entry to the...

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