Bakkt is one of the most hyped products of the crypto projects as the predictions were circulating before launch are very high and positive but Bakkt is unable to reach those expectations. After being launched on Sep.23, the first-day trading volume was recorded almost $1 million which is the lowest when compared to the platforms.

However, the weekly traded volume increasing week by week. It is said that investment in the company is also done by the New York Stock Exchange, Starbucks, and also supported by giant companies at the time of inauguration but the result was very disappointing.

The News Spy


Top Rated Robot

80% Claimed Win-rate$250 DepositAccepts Credit Card Trade NowRead Full Review

December proved a good month for Bakkt

The month of December is proving very beneficial for the firm as the bitcoin futures volume is increasing. The data shows that weekly performance surged in the month of December.

ALSO READ  Bitcoin signal that called the most recent rally flashes again

Bakkt volume bot shared the weekly data on Dec.1 which stated that transacted volume is done almost worth $124 million which is 5000 % more than the first week of its launch.

The factors behind the unexpected growth are unknown. But some analysts are claiming that the predictions about the company before its launch are now executing in practical shape in the form of surged volume.

Bitcoin Options Trading is launching

Besides its current Bitcoin futures trading, the platform has a plan to introduce more products for the institutional investors and traders. The best of all products is the options trading which the company has a plan to launch on Dec.9 which might be one reason for surged volume in December.

ALSO READ  Binance US announces to add staking for Algorand and Cosmos

Similarly, besides option trading, they also plan to offer Bitcoin Custody Offering for their institutional customers. The company is moving towards the right successful path but it will take some time as per the CEO’s words:

“scalable on-ramp for institutional, merchant, and consumer participation in digital assets by promoting greater efficiency, security, and utility.”


Please enter your comment!
Please enter your name here