Interest in the supply of Bitcoin futures offered by the Bakkt crypto platform is growing again. So, during March, the volume of transactions with settlement in the first crypto coin increased by 44% compared to the previous month.
Related: BTC price falls as futures exchange makes its trading debut
Physical #BTC delivery on @Bakkt increased 44% in March, although being relatively flat in USD. Despite the recent market instability, Bakkt seems relatively unaffected. pic.twitter.com/sZ1XEWqVM9
— Arcane Research (@ArcaneResearch) March 25, 2020
Arcane Research analysts say that 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.
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.
Earlier we wrote that Binance-supported FTX crypto exchange has added the TRUMP-2020 futures contract, which allows you to earn on the results of the US presidential election scheduled for November 3 this year.