Bakkt platform recorded a 44% increase in the volume of bitcoin transactions

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Interest in the supply of Bitcoin futures offered by the Bakkt cryptocurrency platform is growing again. So, during March, the volume of transactions with settlement in bitcoin increased by 44% compared to the previous month.

“The physical supply of bitcoin to Bakkt grew by 44% in March, although in dollars the value remains relatively constant. Despite the recent market volatility, Bakkt has not suffered too much, ”Arcane Research analysts say.

At the same time, experts pointed to a drop in the total trading volume amid falling bitcoin prices. According to Bakkt Volume Bot, on March 25, $ 7.7 million passed through Bakkt, with an open interest of $ 4.2 million.

The launch of trading in regulated futures with settlement in bitcoins took place in September 2019, even before the start of the full-fledged work of Bakkt.

Some more interesting news:

🔸 Study: Coin Metrics found that on March 13, a record $ 444 million was transferred to stablecoins from cryptocurrencies

🔸 US CFTC approves cryptocurrency sale fact sheet

🔸 Vitalik Buterin called for the development of a truly decentralized exchange for exchanging BTC for ETH 😇

🔸 Cryptobank Sygnum launched DCHF stablecoin secured by Swiss franc

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