Friday, 27 September 2019

Bakkt still looking to sign up key core clients after first week of futures trading @TheBlock__ #Capital Markets #Genesis #Bakkt #Bitcoin Futures #CFTC COT report #CME Group

Bakkt, the bitcoin derivatives trading platform owned by ICE, has completed its first full week of trading. The firm saw 165 monthly physically-settled bitcoin futures contracts traded through its platform—approximately $1.5 million i...

Bakkt, the bitcoin derivatives trading platform owned by ICE, has completed its first full week of trading. The firm saw 165 monthly physically-settled bitcoin futures contracts traded through its platform—approximately $1.5 million in notional trading value assuming the weekly price of bitcoin at $8,700.

Source: ICE

The weekly CFTC Commitment of Traders report (COT report: published Friday, and using Tuesday’s closing data for that week) shows that there wasn’t more than 20 reportable (large enough) traders exchanging the Bakkt product to warrant inclusion in this week’s CFTC report.

Using the ICE Bitcoin USD data explorer, we estimate that Bakkt saw ~$1.5 million worth of notional value traded in its first week.

Join Genesis now and continue reading, Bakkt still looking to sign up key core clients after first week of futures trading!



source https://www.tokentalk.co/The Block/bakkt-still-looking-to-sign-up-key-core-clients-after-first-week-of-futures-trading-5d8e9fb1b0d9327d15b7b675

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