min to read

2019-10-01 20:22:42




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Analysts: the fall of bitcoin price contributed to a weak start of trading on Bakkt

BAKKT vs BTC

min to read

2019-10-01 20:22:42

The analysts of Binance Research concluded that last week the bitcoin price collapsed partly due to unjustified expectations from trading futures on Bakkt.

The analysts of Binance Research concluded that last week the bitcoin price collapsed partly due to unjustified expectations from trading futures on Bakkt.

 

 

During the year, many experts predicted that Bakkt would be a gateway for institutional investors, but the launch did not show much interest from large clients.

 

The same opinion was expressed in the investment holding JPMorgan.

 

 

In the first week, Bakkt traded $5.8 million, less than 700 BTC. On CME, for comparison, in the day session bitcoin futures are traded at more than $150 million.

 

 

However, many market analysts and traders believe that Bakkt is early to write off. In their opinion, the platform will gradually increase the customer base.

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