The volume of active positions on Bakkt bitcoin futures exceeded for the first time …

Bakkt’s active Bitcoin futures positions exceed $ 6.5 million for the first time

The volume of active positions on the Bakkt Bitcoin futures platform has reached a new high, according to the data from the Twitter account involved in tracking trades on exchange.

The volume of active positions on Bakkt bitcoin futures exceeded for the first time ...

According to Bakkt Volume Bot post from December 3, Monday, the amount of open contracts was $ 6.54 million, thus increasing by 42% compared with the previous trading day.

On futures bidding value of open contracts often is used to determine the state of the market, and him increase can talk about the inflow of new capital.

Bakkt also set a new high on daily trading volume at the end of November. by their bitcoin futures on around 443 BTC or above $ 42.5 million.

Together with themes, analyst Alex Kruger notes that market participants’ expectations of Bakkt as a platform, which will be used by large investors for accumulation of bitcoins did not come true. November delivery function cryptocurrencies used for acquisitions Total 17 BTC, in October – 15 BTC.

The volume of active positions on Bakkt bitcoin futures exceeded for the first time ...

“Some believe that Bakkt’s volumes totally provided bitcoins. it at all not this way. Almost no one uses the physical supply, – writes Kruger. – It’s not a problem. It is normal for futures traders not to receive delivery, in any asset. But Bakkt is not a panacea. Bakkt Futures – this paper contracts offering physical delivery. Futures are not backed by bitcoins. Traders use margin and should have collateral (fiat) “.

On December 9, Bakkt intends to present the market regulated options on their own bitcoin-futures.