Bakkt Volumes Spikes as the Cryptocurrency Market Drops

So far, Bakkt’s volumes have been relatively low, except for a few occasions. However, after yesterday’s drop, volumes suddenly increased bringing the total amount of bitcoin traded to more than 600 units, according to Bakkt Volume Bot on Twitter.

Institutional Hunger

The launch of Bakkt did not have the effect that many retail investors expected. For a few days, its volumes were even lower than 10 bitcoins, an insignificant sum compared to what was traded on classic platforms like Binance or Bitfinex.

For some, these values have potentially contributed to further lowering the bitcoin value we are seeing these days.

However, one should not rush to draw conclusions. After days of calm, monthly trading contracts at ICE’s futures platform reached an all-time high of 640 contracts, increasing by 653 percent from previous day figures. Read More...

Bakkt Volumes Spikes as the Cryptocurrency Market Drops
Bakkt saw a record trading day as the Bitcoin market slumped

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