Bakkt Bitcoin futures exchange launched today, first trades executed worth $250k

posted 10 months ago
Bakkt launched physically-settled Bitcoin futures, providing institutional investors with a new way to bet on the expected price of Bitcoin. The amount of Bitcoin traded on the exchange reached $250k USD already. The physically-settled futures means traders make their bets and receive their winnings in Bitcoin.

Bakkt was launched by the Intercontinental Exchange (ICE), which owns the New York Stock Exchange. Bakkt said “We’re live! The first Bakkt Bitcoin Futures trade was executed at 8:02pm ET at a price of $10,115… We take our customers’ trust seriously, and are excited to serve this market... Bakkt Bitcoin Futures are also actively trading on ICE Futures US and Bakkt Warehouse is continuously onboarding Bitcoin.”
Tags: bitcoin, news