Blockchain 

Bakkt Futures Trade Volume Soars 800% After Slow Start

The Bakkt Futures trading volume for Bitcoin (BTC) has gained almost 800% in just one day after a slow start to life for the long-awaited futures contract trading platform headed by the Intercontinental Exchange (ICE). Bakkt Volume Reaches All-Time High A bot account on Twitter, which tracks the number of contracts traded on Bakkt, reported this morning that 224 BTC futures were traded on August 9, an eye-watering increase of 796% from the previous day. October 8’s volume of 25 BTC was coincidentally the lowest figure recorded since the platform…

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Blockchain 

Bakkt’s Bitcoin Futures Goes Live

Over the past few years, the Bitcoin futures ecosystem has grown at a remarkable pace, and it is something that is surely going to stay for years to come. Initially, these futures contracts had been launched by a handful of exchanges, but over the past year or so, the number has increased considerably. Futures Trade In a development that will come as another massive boost to the Bitcoin and cryptocurrency ecosystem, the New York Stock Exchange’s owners, ICE, through its crypto exchange Bakkt has decided to launch futures contracts that will…

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Blockchain 

Bitcoin.com to Launch a Bitcoin Cash Supported Futures Contract

Cryptocurrency investor Roger Ver’s Bitcoin.com is in talks with Bitcoin Cash (BCH) to launch a futures contract. David Shin, the company’s head of the exchange division, dropped the revelations regarding the prospect. The company is also working on different plans to enhance its interest in Bitcoin Cash together with the futures contract. Futures Contract to Make the Cryptocurrency Third Largest The introduction of the futures contract will have the goal of increasing the company’s market capitalization of cryptocurrency. This will make it the second-biggest crypto behind Bitcoin. Shin confirmed that…

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Blockchain 

Bakkt is all Set to Introduce Bitcoin Futures in September

Bakkt is all set to launch its much-awaited platform for Bitcoin futures. When cryptocurrency first grabbed the attention of the global public, it was still looked upon as a novelty and something far too chaotic to be regulated by the relevant authorities. However, much has changed over the past couple of years as a range of fresh products have been launched, and perhaps the most important one is Bitcoin futures. Everything is on Schedule Earlier on this year, cryptocurrency firm Bakkt announced that it was all set to launch a…

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Blockchain 

Bitcoin Soars As Bakkt is All Set to Launch Bitcoin Futures in September

Since the infamous day of 2017, when Bitcoin went on its incredible run, there has been talk of the introduction of a financial exchange backed by the world’s biggest cryptocurrency. One of the instruments that have been spoken about by crypto experts for many years are crypto futures from Bakkt, but delay after delay stopped this from happening—until now. Positive News For Bitcoin Over the past few years, nothing came to fruition despite several rounds of talks among regulators in the United States, and so, the product was not introduced.…

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Blockchain 

LedgerX Launches Physically-Settled Bitcoin Futures Contracts

According to CoinDesk, LedgerX has launched the first physically-settled Bitcoin futures contracts in the US. The news comes at a time when Intercontinental Exchange’s Bakkt and TD Ameritrade’s ErisX have struggled to launch amid regulation issues. LedgerX Launches Bitcoin Futures Contracts LedgerX is now the first Bitcoin futures provider in the US that offers physical futures. This means that the customer receives Bitcoin when the contract expires as opposed to fiat dollar as per the more traditional futures contracts out there. The Chicago-based exchanges CME and Cboe have offered “cash-settled futures…

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Blockchain 

Bitcoin Futures Platform Bakkt Begins Testing Today

It’s been a long road for Bitcoin futures platform Bakkt. The platform—developed by NYSE parent company Intercontinental Exchange (NYSE:ICE)—has faced a myriad of launch delays due to regulatory approval. It’s still waiting now, but in the meantime, it has begun testing its Bitcoin futures contracts today. Here’s what we know. Bakkt is Testing Bitcoin Futures Contracts The company announced in May that it would begin testing its contracts in July. It later settled on the date of July 22, which is today. The company has not disclosed what is involved in…

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Blockchain 

Ethereum Futures Already Gaining Significant Support in the Industry

Ethereum (ETH) is the second largest virtual currency in terms of market cap, and for quite some time investors have been expecting Ethereum futures that seem to, at last, be happening. However, these expectations have faced interest concerns and regulatory uncertainty regarding the crypto asset.Ethereum Futures Realized The expectations for Ethereum futures appear to have been realized with The Block reporting that one of the largest global exchanges, CME Group, was preparing to release a futures product for Ethereum. The Chicago-based CME Group was the institution that launched Bitcoin futures…

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Blockchain 

Bakkt Announces Bitcoin Futures Launch Date in July

As Bitcoin (BTC) holds resistance above $8,100 USD, more positive news has arrived to help its case. Intercontinental Exchange’s (ICE) cryptocurrency platform, Bakkt, is to begin testing its first product: physically-delivered Bitcoin futures. The date for launch is just over one month from now, July 22nd. Bakkt Announces First Project Launch In a blog posted earlier today, Bakkt chief operating officer Adam White wrote: “On July 22, two days after Apollo 11’s 50th anniversary, Bakkt will initiate user acceptance testing for its bitcoin futures listed and traded at ICE Futures U.S. and…

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Blockchain 

Ethereum Price Jumps 8% | CTFC Approving Futures Trading Soon?

Ethereum is now firmly established as the cryptocurrency with the second biggest market cap after Bitcoin, and more good news could be on the way for the coin if recent reports regarding CTFC approval of Ethereum futures are to be believed. According to a report from Coindesk, the United States Commodity Futures Trading Commission could be all set to approve it, provided Ethereum passes the commission’s stringent tests. Needless to say, it would be a significant development for the cryptocurrency if it eventually comes to pass. ETH is up by…

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