Bitcoin transactions on the Bakkt platform increased by 44%

by in Cryptocurrency News

Bitcoin futures Bakkt

Interest in the supply of Bitcoin futures offered by the Bakkt crypto platform is growing again. So, during March, the volume of transactions with settlement in the first crypto coin increased by 44% compared to the previous month.

Arcane Research analysts say that the physical supply of bitcoin to Bakkt grew by 44% in March, although in dollars the value remains relatively constant. Despite the recent market volatility, Bakkt has not suffered too much.

Related: BTC price falls as futures exchange makes its trading debut

At the same time, experts pointed to a drop in the total trading volume amid falling bitcoin prices. According to Bakkt Volume Bot, on March 25, $7.7 million passed through Bakkt, with an open interest of $4.2 million.

Bakkt

The launch of trading in regulated futures with settlement in bitcoins took place in September 2019, even before the start of the full-fledged work of Bakkt.

Trending: China is closer to launching digital yuan thanks to Alipay

Earlier we wrote that Binance-supported FTX crypto exchange has added the TRUMP-2020 futures contract, which allows you to earn on the results of the US presidential election scheduled for November 3 this year.