- One of the main services of Bakkt is its bitcoin futures service for institutional investors who are willing to get involved with the crypto space as a whole.
- These bitcoin futures can be used as a measure of what to expect in the near future in the short term when it comes to bitcoin is market price.
The once highly hyped up platform of Bakkt has recently reported a new record in its bitcoin futures traded in two days.
Talk about momentum!
We beat yesterday’s record with 11,706 Bakkt Bitcoin Futures traded today – that’s over $125MM of bitcoin
— Bakkt (@Bakkt) July 28, 2020
One of the main services of the Bakkt platform is its bitcoin futures trading service for institutional investors who are willing to get involved with the crypto space as a whole. These bitcoin futures can be used as a measure of what to expect in the near future in the short term when it comes to bitcoin is market price.
The world of cryptocurrencies, according to many analysts and experts, is on the cusp of a highly anticipated wave. The rise in bitcoin futures from Bakkt is a big suggestion that a rally of bulls is here.
Bitcoin recently passed the $10,000 key resistance level earlier this week and even after that, it didn’t take long to hit $11,000.
Things are looking up for the crypto industry and when it comes to regulation getting more clarity, many institutional players are getting more involved as well.
It will be interesting to see how this situation plays out. For more news on this and other crypto updates, keep it with CryptoDaily!
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