Bakkt Continues to Disappoint, Despite Growing Institutional Interest

A grand total of 1 Bitcoin (BTC) was traded on Bakkt during the first quarter of Thursday. The forecast for the day at the time was hovering around 5 BTC, adding fresh fodder for skeptics to mock the pre-launch hype the ICE subsidiary had created.

The records have improved marginally since with the volume subsequently going up to 20 BTC midway through the day, although the broader trend of a subpar performance persists.

Bulls counting on Bakkt to take BTC price to new highs were pleasantly surprised on Oct 9 after it registered an all-time-high interday figure of 224 contracts, up a whopping 800% compared to the day prior, as BeInCrypto has previously reported. Read More...