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21 February 2020

Bakkt Explodes with 212 Contracts Traded Last Wednesday

Bakkt Explodes with 212 Contracts Traded Last Wednesday

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After an extremely disappointing debut, Bakkt – the trading platform designed for institutional investors – is exploding in use, with the number of bitcoin futures contracts being traded having exploded by roughly 800 percent.

The Intercontinental Exchange (ICO), which serves as the parent platform of Bakkt, reports that trading has increased by a whopping 796 percent over the past few days, meaning that perhaps institutional players are intrigued by crypto after all – they just needed a little reassurance first.

While bitcoin futures trading did fall back to roughly 109 contracts on Thursday, many analysts are seeing this as a positive sign, suggesting that institutional trader activity is about to make a huge surge.

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