Bakkt’s Bitcoin Futures Settled in Bitcoin Overtakes Cash Settlement

The most recent data has shown that Bitcoin (BTC) futures platform Bakkt is currently seeing the majority of its contracts settled in BTC, not cash. According to the provider of real-time data analytics for Bitcoin and Ether derivatives, Skew, the latest data on May 26 shows that Bakkt’s physically-settled Bitcoin Futures produced $34m, cash-settled Bitcoin Futures produced $9.3m and total open interest was $7.6m. Likewise, Bakkt’s physically-settled BTC Futures recorded a daily volume of $43m on the same day. The data shows that…

Cryptocurrency Fundraising Declined Sharply While DeFi Lending Attracts VC Backing

In recent times, venture capital research company Ana.vc published a report highlighting a 57 percent reduction in cryptocurrency funding from VCs last month. In spite of the dip in overall investment, it seems the decentralized lending sector is still prosperous as it raised 150 percent of its aggregate in March. The report noted a decline in cryptocurrency fundraising last month but did not consider Bakkt’s raise. It noted thirty disclosed deals worth an aggregate of about $50 million, down from $117 million last…

Bakkt Review – A New Era For Bitcoin and Crypto Futures

Crypto is moving towards mass mainstream adoption, and the current trends in the industry can attest to that. The big players have found out that they need to focus on institutional investors for enhanced mass adoption to be realized. Currently indulged in trading bonds, stocks, and other financial instruments, institutional investors need to be attracted to the crypto sphere by employing realistic trading platforms to make crypto trading simple yet profitable. The influx of institutional investors will obviously mean a…

Kelly Loeffler Dumps Millions as COVID-19 Causes Market Crash

On March 20, 2020, reports show that Senator Kelly Loeffler, the founder, and CEO of Bakkt exchange, was involved in possible insider trading as per a 20th March 2020 report. The senator dumped most of her stocks shortly before the latest market crash  The disruption of global markets and daily life appears to have been a beforehand knowledge to the Trump administration before going public. A secret senators meeting may have been instrumental in briefing them on this. Interestingly, the…

Bakkt Registers a 1600% Increase Bitcoin Futures Contracts Compared to Last Year

Feb. 19 saw Bitcoin register its fifth-largest hourly price drop. From $10,214.98 it fell to $9,573.74. Its price remained hemmed below the $10,000 barrier. The decline was reminiscent of the 2017 one when it had reached its peak. Arcane Research suggests that while BTCs volume has been rising, the spot market price has drastically shifted. Again, the currency attained its peak this year.  Its daily volume moved close to $1 billion. Increasing Trading Volume On CME, the research found out…

Bitcoin Options on Futures Now Available at CME Group

About four months ago, CME Group announced its plans to launch Bitcoin options on futures. The platform, however, announced the opening of its options market for investors and traders. CME revealed this through its official Twitter handle, mentioning that it provides better capital efficiencies and another means of managing Bitcoin exposure. CME Group first announced the introduction of a regulated Bitcoin options market. Bakkt also delivered the product last month by opening its Bitcoin Monthly Futures Contract. Additionally, FTX also…