Bakkt Achieved 71 Bitcoin Futures Contract Trading Volume in the First 24 Hours
As per the recent news in the 24 hrs of its launch an Intercontinental exchange (ICE) bakkt has achieved to trade 71 Bitcoin(BTC) futures contracts on 22nd September.
As per the ICE historical data on Bakkt’s Trade and surprisingly the firm managed to trade each Bitcoin at a price of $9,875.
The new conditions suggests that the Initial margin limit for Bakkt’s future trading will be on monthly basis which will be starting at $3,900 and as for daily contracts it will be between $400 to $1000 respectively.
Bakkt being a newly launched platform and also one of its kind to receive approval from United States Regulatory that to in its initial year of its release.
ICE’s main aim behind establishing bakkt was to integrate the platform thus enabling its customers, merchants and other clients to buy, sell and even spend there digital assets on a global network.
Seeing the rise of Bakkt some of the other industry players reacted towards it with a notice that now Bitcoin will get huge benefit to its bullish rise,
While putting forward lee said that he is very positive on Bakkt and its future ability to improve the trusts of institutional invertors on Crypto.
While Anthony Pompliano a American Investor and Co-founder of Morgan Creek Digital assets said that,
“The more infrastructure that’s built around this, the more likely it is to never go away. We’re at a tipping point now where Bitcoin is here to stay. It’s going to end up being in every institutional investor’s portfolio.”
Also Read: How to Earn Bitcoin?
