NVDA Q3 Earnings Alert: Why our AI stock picker is still holding Nvidia stockRead More

“We’re Live”: Bakkt Exchange Opens Bitcoin (BTC) Futures Trading

Published 09/23/2019, 03:13 AM
Updated 09/23/2019, 04:21 AM
© Reuters.   “We’re Live”: Bakkt Exchange Opens Bitcoin (BTC) Futures Trading
BTC/USD
-

Bakkt, the newly launched Bitcoin (BTC) futures exchange already traded its first contracts, the operator announced through its social media channels.

https://twitter.com/Bakkt/status/1175938226554658824

The first price for futures trading was $10,115, while BTC traded at $10,000.94 based on an estimate of all crypto-to-crypto exchanges. The launch of the futures was a well-known event, and discounted into the price of BTC. The exchange has traded about 6 BTC based on early reports, showing a cautious inflow of funds. The low volumes also mean Bakkt is extremely vulnerable to “whale” manipulation, if it is not limited in some way.

Bakkt announced that trading is already active, though outside users may not be able to see the trading view, as with more widely accessible crypto exch...

This article appeared first on Cryptovest

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.