Cryptocurrency Analysis and News Portal
Bakkt’s monthly futures volume surged to $10 million, the second-largest on record. The steady growth of Bakkt’s monthly futures volume may reflect the growing interest of institutional investors. In addition, the rise in volume is giving analysts more reason to be bullish on bitcoin. Bakkt’s monthly futures volume on Tuesday skyrocketed to 1,061
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Crypto derivatives exchange BitMEX is implementing major changes to the weights of its indices later this month, according to an announcement published today, Nov. 1.The exchange says the update is a bid to ensure that users trade against a reference price that “more closely reflects the market consensus price
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Current crypto market sentiments and Tether transaction volumes at various crypto payment processors suggest that Tether (USDT) is becoming one of the most traded digital assets in the crypto market, leaving Ethereum (ETH)trade behind in the third place and even Bitcoin(BTC)trade in the second place (!) in 24 hour volume.Blockchain
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Bakkt Physical Bitcoin Futures platform just recently hit a new record while Bitcoin price exploded.Recently Bakkt announced that they had set a new daily record. They traded 1,183 contracts, respectively. One contract equals one Bitcoin, which means that the total volume was around $11 million. Also, this aligned with the
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By now it is well established that market speculators dominate the cryptocurrency sphere. Hedging and actual purchase/sales volume are a tiny blip relative to the massive allocation of capital under the theme of speculation. This isn’t necessarily bad, as it means people understand the primary utility of Bitcoin is that
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In the report “Exchange Review for September 2019” recently released by CryptoCompare, a cryptocurrency market data provider, the Malta-based cryptocurrency exchange OKEx has earned the distinction of being the top cryptocurrency exchange in terms of derivatives monthly volume.The exchange known for its spot and derivatives trading while supporting hundreds of
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Binance’s Bitcoin futures product is the only winner in a lackluster market this week as trading volume hits local lows. Research highlights “very low” activityAnalysis of various platforms’ trading volumes by exchange eToro’s senior market strategist Mati Greenspan on Oct. 15 revealed cryptocurrency markets had all but bottomed out in
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After Bitcoin futures on the ICE Bakkt platform surged by almost 800% in a day, reports emerged that it is seeking to jump ahead of the CME group to release a Bitcoin options contract.The Intercontinental Exchange (ICE) in conjunction with their Bitcoin futures platform Bakkt is reportedly seeking to jump
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In an incredible and slightly confounding turn of events, Bakkt’s bitcoin Futures volume has soared as much as 796% to a new all-time high (ATH). This is a far cry from previous volumes and a bullish sign of revival for Bakkt following its lackluster beginnings. Launching some two
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Major cryptocurrency exchange Binance announced in a blog post published on Sept. 30 that it is launching a market maker program.Per the announcement, users whose monthly trading volumes exceed 1,000 Bitcoins (BTC) — or can reach such volumes — and who also have quality market making strategies can immediately
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