NYSE Derivative Bakkt Shows Low Volume During The Bitcoin Rally

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  • The Bitcoin Futures market operated New York Stock Exchange Derivative “Bakkt” saw little to zero no volume trade in this entire week in its options trade.
  • Ex- eToro executive and founder of Quantum Economics, Wall Street has shown no involvement in January’s Bitcoin rally.

The Bitcoin Futures market operated New York Stock Exchange Derivative “Bakkt” saw little to zero no volume trade in this entire week in its options trade. This viewed low volume trade of Bitcoin futures might depict that the recent surge of Bitcoin this year was mainly caused by the retail and individual investors new to the cryptocurrency market.

As per the report from Mati Greenspan, ex- eToro executive and founder of Quantum Economics, Wall Street has shown no involvement in January’s Bitcoin rally. Mati told LongHash in an exclusive interview.

This shows the direct reason on Wall Street, but the CME futures trading group has explained high volumes, which is reasoned as the volumes gathered from the leading crypto exchanges.

The rally shows that retail investors have played a pivoted role, and the rise of Bitcoin’s value from $6,950 mark to$9,300 marks on the crypto exchange BitMex, which shows 38% increase in this month alone.

On the market trading platforms trading on short term movements, the price of Bitcoin can be leveraged up to 125 times the investment. The trading platforms like BitMEX, Deribit, and Binance Futures, with the depiction of sudden movements either up or down, can show a small amount of long or short contracts to become liquidated.

Bakkt only focused on accredited investors on its platform. In contrast, Bitcoin’s rally focused on a diverse group of investors, which have made a difference in the low level of activity and low volume.

To valuates the situation of low volume trading on Bakkt. It can see on the Blockchain charts that no new addresses or users have signed up on the platform in the previous eight months, which adds as the strong reason for the low volume trade.

Another reason is the Bakkt itself with severe regulations for its platform, which doesn’t have an opportunity for retail investors and governs the individual investors’ accounts, contradicting the anonymity provided by Bitcoin and Blockchain users.

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