News Bakkt

Despite its hype in the latter half of 2019, the performance of Bakkt has been lackluster to say the least. Compared to competitors in the bitcoin futures and options markets like CME Group and Deribit, it has seen substantially low numbers in the last several months. Bakkt’s options market has particularly seen a significantly lower […]

As Bitcoin closed out its best January in seven years, open interest rocketed to a new all-time high on Bakkt’s physically-settled Bitcoin futures market, and institutional traders on CME Group looked to position themselves for higher highs. Bulls at Bakkt On Friday the Bakkt physically-settled contract saw a new record of $11.6 million in open […]

The launch of Bakkt – the physically settled Bitcoin futures trading platform – was long viewed as a bullish fundamental catalyst that would help usher in the next era of institutional adoption into the nascent crypto markets. Unfortunately for hopeful market participants, however, the platform kicked off to an incredibly slow start, and it has […]

A massive drop in open interest on the CME and Bakkt Bitcoin futures contracts indicates short-covering has fueled BTC’s latest rally, likely egged on by the expiry of Bakkt’s December contract. On Tuesday, open interest rocketed more than 1,000 percent on the cash-settled CME contract for December, the day after Bakkt hit an all-time-high for […]

The much-awaited Bitcoin cash-settled monthly futures from Bakkt launched on Dec. 9, recording a volume of 1250 BTC at press time. This is a sharp contrast to the 72 BTC Bakkt saw traded on its futures debut earlier in September, which means that the company could be taking over a significant part of the market. […]

Bakkt’s intention to provide a pure non-leveraged Bitcoin futures product seems to have evaporated — both of the firm’s futures contracts are traded on margin, as pointed out by Alex Kruger: “Myth: Bakkt futures fully backed by bitcoin. Reality: Bakkt futures 37% backed by dollars or treasuries.” More than a year ago Bakkt CEO Kelly […]

Bakkt, the market’s first physically-settled Bitcoin futures offering, has posted another record day in trade volume on its monthly contract and is now an order of magnitude away from the volumes of its cash-settled competitor at CME Group. Intercontinental Exchange-owned Bakkt announced that with 4,443 BTC contracts traded, Wednesday was its biggest day yet, posting […]

Bakkt has announced it will be listing cash-settled BTC futures, a pivot in the strategy that may seem at odds with the company’s founding vision. Bakkt’s Chief Operating Officer Adam White made the statement at Coindesk’s Invest conference in New York this week according to YAP Global, stating that the InterContinental Exchange-owned firm intends to […]