Bitcoin futures trading crosses $5m on Bakkt

[Harrydose]

Bakkt bitcoin futures exchange and digital assets platform witnessed the trading volume of Bitcoin futures hitting at $5 million. The bitcoin futures will be available for trading on Cboe Futures Exchange, LLC (CFE) from December 10, 2017. This could be the greatest achievement for Bitcoin since its inception took place during the 2008-09 economic emergency. Bitcoin’s future prospects will be transparency, liquidity and proficient price disclosure to the cryptocurrency ecosystem.

Source: TheCoinRepublic

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[hugeblack]

It is strange to describe what Bakkt offers as "transparency, liquidity and price disclosure" and what happened before and after its launch.
The current price movements may indicate some kind of manipulation that occurred as the prices fell a few hours after launches and then after a period of time increased trading volume & prices rose again to those levels.

they open the doors and let’s see what will happen in December (Bitcoin options contracts.)

[darkangel11]

I read somewhere that the services than Bakkt provides usually take time to settle in people's minds as an investment option. They never get high volume from the start but usually need about 6 months to start going full speed. This is what's happening with Bakkt. It's gaining momentum and should be ready at the time of the halving to attract big players. It was called a failure by most people but it's not an ICO or IEO that needs high volume at launch.

[Mandoy]

Bakkt bitcoin futures exchange and digital assets platform witnessed the trading volume of Bitcoin futures hitting at $5 million. The bitcoin futures will be available for trading on Cboe Futures Exchange, LLC (CFE) from December 10, 2017. This could be the greatest achievement for Bitcoin since its inception took place during the 2008-09 economic emergency. Bitcoin’s future prospects will be transparency, liquidity and proficient price disclosure to the cryptocurrency ecosystem.

Source: TheCoinRepublic

Bitcoin futures in bakkt need more promotion. It is still in in its infancy stage and so we cannot expect a really huge trading volume. But maybe after years of business possibly people will hear that there is bitcoin futures in bakkt then there is a good chance that a year later the trading volume will increase as the users will increase. We just need to help promote bitcoin futures on bakkt and on other 9 exchanges who also engagin in bitcoin futures.

[BitHodler]

they open the doors and let’s see what will happen in December (Bitcoin options contracts.)

Options aren't really that much of an advantage as these will be cash and physically settled, which means that there is yet another product on the market that makes Bitcoin less scarce because you don't have to back it with coins.

CME will offer options too and they will double the amount of futures contracts one can hold, so expect more cash settled product volume that will eat through the demand for spot Bitcoin.

The boost in futures volume that Bakkt reported on Friday was only the result of the heavy fluctuations.... once the market calms down and moves sideways for a while, you'll see the volume they report implode hard.

[puertorikosena]

I think it’s not worthwhile to pay much attention to Bakkt now. Although such events are of interest and the volatility of bitcoin is increasing, thereby giving an opportunity to earn. If you look at the situation globally, then really serious growth of bitcoin can cause the arrival of institutional investors, and they will be able to enter the market when the capitalization is much more than today.