Bakkt exchange bitcoin options products had zero trading volume last week

The volume of bitcoin options products traded by Bakkt, a crypto trading platform owned by Intercontinental Exchange (ICE), was dismal.

According to data on ICE's official website, during the week of January 20-24, Bakkt's trading volume of bitcoin options products was zero. The last trade of the product took place on January 17 with a trading volume of 20 contracts. If the weekend is also taken into account, then Bakkt's bitcoin options products have not been traded for more than 10 days.

In contrast, investors have shown strong interest in Bitcoin options from Bakkt's rival, CME Group. According to CME's official website, last week CME Group traded 59 Bitcoin option contracts.

Nonetheless, an ICE spokesperson stated that Bakkt showed "strong" interest in both its bitcoin options and futures products. "We continue to have a strong interest in our growing customer base in the Bitcoin futures and options market, which offers a wide range of options for interacting with and hedging digital assets."

Bakkt launched Bitcoin options on December 9, 2019, while CME launched Bitcoin options on January 13, 2020. CME's bitcoin options achieved a trading volume of $ 2.19 million on the first day of its launch, exceeding Bakkt's total trading volume of $ 1.15 million.

CME Managing Director Tim McCourt said at the time that he was satisfied with the trading volume on the first day of the transaction and that market participants' feedback was "great".

Author Liang CHE This article is from bitpush.news. Please indicate the source when reprinting.

We will continue to update Blocking; if you have any questions or suggestions, please contact us!

Share:

Was this article helpful?

93 out of 132 found this helpful

Discover more

Blockchain

FTX Bankruptcy Estate Bets Big $150 Million SOL and ETH on the Line as Sam Bankman-Fried's Trial Unfolds

It seems that addresses associated with the insolvent cryptocurrency exchange, which is currently being managed by a ...

Blockchain

FCoin latest progress: Zhang Jian announces wallet address, defenders confront Zhang Jian's family, Hangzhou police will not file a case

Since last night, a series of incidents have occurred in FCoin. First, Zhang Jian's wife, parents and sister wer...

Blockchain

SBF returns to the witness stand admitting mistakes but refusing to plead guilty, Binance, ex-girlfriend, and Three Arrows caused FTX to collapse.

SBF revealed insider information that Binance had once sought to acquire FTX, and described himself as the CEO who do...

Blockchain

Being shot, being controlled, and being exiled globally, is the founder of the exchange the most dangerous occupation in the currency circle?

A week ago, Tobias Niemiro, the co-owner of Bitmarket, Poland's second-largest cryptocurrency exchange, was shot...

Blockchain

Research Firm Elliptic Uncovers Links between FTX Hack and Russian Attackers

New research from blockchain intelligence firm Elliptic suggests a possible connection between the FTX hacking incide...

Blockchain

Will FTX liquidating $3.4 billion worth of crypto assets become the main culprit behind the market crash?

For FTX's legal team, this week will be a busy one as they seek regulatory approval to liquidate $3.4 billion worth o...