Bakkt platform recorded a 44% increase in the volume of bitcoin transactions

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

“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, ”Arcane Research analysts say.

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.

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.

Some more interesting news:

? Study: Coin Metrics found that on March 13, a record $ 444 million was transferred to stablecoins from cryptocurrencies

? US CFTC approves cryptocurrency sale fact sheet

? Vitalik Buterin called for the development of a truly decentralized exchange for exchanging BTC for ETH ?

? Cryptobank Sygnum launched DCHF stablecoin secured by Swiss franc

Recommended Related Articles:

In the US, they suggested using cryptocurrency to fight coronavirus

Bitcoin reacted with a slight increase to strengthen the SP 500 index

EMERALD WALLET: Ethereum/ETH/ETC/ERC-20 wallet for Windows

NBMiner 27.7 «NoFee»(NoDevFee) Nvidia AMD GPU miner for Windows

Huobi Launches Cryptocurrency Free Trading App

Leave a Reply

Your email address will not be published. Required fields are marked *