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“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
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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

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