Bakkt Bitcoin futures smashes daily volume record by 36%

Despite the milestone, Bakkt’s future volumes pale in comparison to those of top crypto exchanges Binance and Huobi. Bakkt, a regulated platform for crypto asset custody and trading owned by Intercontinental Exchange, has reported record daily trading volumes for its physically-settled Bitcoin (BTC) futures contracts. On September 16, Bakkt announced that more than $200 million worth of BTC contracts had been traded over a single day — breaking its previous record by 36%. According to crypto market data aggregator Skew, the record figure is roughly double the average daily volumes posted throughout September so far. Bakkt daily Bitcoin futures volume: SkewDespite being touted as the likely catalyst for an institutional-led bull market, Bakkt’s Bitcoin derivatives failed to meet the expected impact — seeing sustained periods of complete inactivity during January of this year.

Tassat Regains CFTC ‘No-Action’ Relief Ahead of Eventual Bitcoin Swaps Contract Listing

Tassat blamed COVID-19 and leadership changes for its long-delayed bitcoin derivatives contract listing.

Bitcoin Derivatives Exchange LedgerX Moving Beyond Crypto

The CFTC has granted LedgerX its request to clear collateralized futures, options, and swaps on things other than digital assets.

Crypto market remains bullish as $1B in Bitcoin derivatives expire

Major monthly Bitcoin options and futures expiry sees markets becoming bullish on BTC. Bitcoin derivatives witnessed a major expiry event with a notional value of over $1 billion.

Here's what to expect as 66k Bitcoin Options await expiry

With another month coming to an end, it is important to note that month-ends are generally associated with the expiration of Bitcoin derivatives products.

Price Analysis 8/21: BTC, ETH, XRP, BCH, LINK, LTC, BSV, ADA, BNB, CRO

Bitcoin and several altcoins have formed bearish divergences, which suggests that the bullish momentum has weakened. Rich Dad Poor Dad author Robert Kiyosaki believes that Warren Buffet’s recent closure of his bank stock positions is a warning sign that the world might be starting a “major banking crisis.” Therefore, Kiyosaki suggests traders buy safe haven assets such as gold, silver and Bitcoin (BTC) to protect themselves from the downward spiraling value of the fiat currencies. Popular Bitcoin derivatives trader Tone Vays believes that Bitcoin could breakout to new all-time highs in 2021.

Trading Light: A New Approach to Bitcoin Derivatives

The text below is an advertorial article that was not written by Cryptonews.com journalists. Cryptocurrency derivatives have been carving out their market for half a decade now, and a June report by data analytics company CryptoCompare shows that they now make up 32% of the market and have been growing at a significantly faster pace than spot trading.

Market Update: BTC Inches Toward $12K, ETH Jumps 12%, Report Says LINK May See ‘Rough Waters’

Digital currency markets have increased significantly in value during the last 24 hours as the market capitalization of all 5,700+ coins is up over 2.4% on Friday.