In the last few months, Bitcoin futures trading is on the rise, beating up to 50% of the total spot market on 13 well-known exchanges. The futures market helps to keep the price less volatile, and it increases liquidity via the attraction of new investors. Wise actors always made predictions that cryptocurrencies would co-exist with the current banking and stock markets. They are not doing any substantial harm to banks and classic exchanges. Instead, cryptocurrencies add fungibility and...
Read More »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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