Bakkt Bitcoin futures trading volume soared 796%! This astonishing figure is like a spring rain that moisturizes the cryptocurrency market and awakens people's enthusiasm for digital currency. In this spring breeze, investors seem to see a ray of hope, and the market seems to have ushered in a turnaround. Let's take a deep look at this exciting news and see the story and impact behind it.

What is Bakkt? Why did its Bitcoin futures trading volume soar by 796%? What secrets are hidden behind this? Let's find out.

Bakkt is a platform dedicated to promoting the adoption and practicality of digital assets, aiming to provide institutional investors with safe and efficient digital asset trading and clearing services. Recently, the trading volume of Bitcoin futures launched by Bakkt soared by 796%, which is really jaw-dropping. This not only means that investors' confidence in the digital currency market has recovered, but also shows the market's recognition and favor of the Bakkt platform.

Experts believe that behind the surge in Bakkt Bitcoin futures trading volume, there is not only the growth of market demand, but also the advantages of the Bakkt platform itself. First, as the global digital currency market gradually matures, more and more institutional investors are beginning to get involved in this field. Their demand for digital assets is increasing, and the futures trading services provided by Bakkt just meet this demand, providing investors with more choices and opportunities.

In addition, the security and professionalism of the Bakkt platform itself are also important reasons for attracting investors. As a trusted digital asset platform, Bakkt focuses on the security of user assets and the transparency of transactions, creating a safe and reliable trading environment for investors. Investors' trust and recognition of Bakkt have enabled its Bitcoin futures trading volume to grow rapidly, and the market has therefore ushered in a wave of warm spring.

In addition to the growth of market demand and the advantages of the Bakkt platform, the overall development of the digital currency market has also provided strong support for the surge in Bakkt's Bitcoin futures trading volume. In recent years, with the continuous development of blockchain technology and the popularization of the concept of digital currency, more and more people have begun to pay attention to and participate in the digital currency market. The prosperity and activity of this market has also created a good external environment for the development of platforms such as Bakkt, prompting its trading volume to grow rapidly.

At this moment of spring breeze in the digital currency market, investors have expressed optimism and expectations. They believe that with the continuous development and improvement of the digital currency market, the trading volume of platforms such as Bakkt will have greater room for growth, bringing more opportunities and profits to investors. At the same time, the market will also usher in more innovations and changes, making the digital currency industry more vibrant.

In summary, the news that Bakkt's Bitcoin futures trading volume soared by 796% is not only an important milestone in the digital currency market, but also a positive response from investors to the market outlook. In this spring full of hope and opportunities, let us look forward to the greater prosperity and development of the digital currency market, and believe that the future will be better. May every investor reap rich returns in the world of digital currency and welcome their own spring of wealth!

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After a slump in the first two weeks, the physically settled Bitcoin futures of ICE's Bakkt exchange are gradually getting into shape.

Data from the Twitter account Bakkt Volume
Bot shows that the volume of Bitcoin futures on the Bakkt platform soared to 224 contracts on October 9, an increase of 796% from the previous trading day. This is also the highest level since Bakkt was launched.

According to Bitpush data, as the number of Bakkt Bitcoin futures transactions increased, the price of the cryptocurrency with the highest market value also rose from US$8,200 to around US$8,600.

In the first week of the launch of Bakkt Bitcoin futures, its total trading volume was only US$5 million, which was far below market expectations. Although this disappointed some investors who expected an influx of institutional funds, industry insiders believe that Bakkt's Bitcoin futures still need time.

Matt
Hougan, head of research at Bitwise Asset Management, said it is unrealistic to think that Bakkt will lead to a large influx of buyers. "Things don't happen suddenly. They take days, weeks, months and sometimes years to develop," he said.

Erik Swords, senior researcher at Bank of New York Mellon, said Bitcoin is unlike any other asset class and cannot be valued using standard methods. This will make it difficult for portfolio managers to justify putting their clients' money into it, and even more difficult to justify the investment if the investment loses money.

Nevertheless, Bakkt's parent company ICE said that Bakkt's Bitcoin futures have achieved some results two weeks after its launch. In addition to achieving the first physical Bitcoin delivery of futures contracts, cryptocurrency investment fund Galaxy Digital and over-the-counter trading company XBTO completed the first block trade of Bakkt's Bitcoin futures contracts.