How was the First Trading Day of Bakkt?

The first day of trading was not very impressive, despite the hype around this event and optimistic forecasts, regarding the demand of this platform. On Monday, the total trading volume was only 73 contracts, or 73 BTC. For comparison, this number was 5298 BTC during the launch of BTC futures on CME in December, 2017.

Bakkt First Trading Day Analysis

As experts said, it is impossible to compare the above-mentioned futures contracts, because they are built on different principles. For example, if we talk about CME, the contract settlement was carried out in the equivalent of fiat, while traders physically interact with BTC coins in Bakkt.

It is too early to make any conclusions, because users need some time to understand the specifics of working with the platform. The first results can be summed up after a month.Our specialists from Analytics Department will monitor the functioning of Bakkt. If you don't want to miss the latest news from the cryptocurrencies world, follow us in social media and stay tuned for updates on Neironix website.