Momentum Is Building Fast in Bitcoin Trading Products Market

Daily bitcoin futures trading is 20X or more the volume of bitcoin trading on traditional crypto-to-crypto exchanges.

The second week of October was much more active than the first for Bakkt, including a new daily record of $1.92 million.
The second week of October was much more active than the first for Bakkt, including a new daily record of $1.92 million realized on October 9, 2019.

And then last weekend happened to bitcoin. It was the 4th largest bull move in the history of bitcoin’s daily price moves.

Recent futures volume on Bakkt has trounced their previously tepid results.
Although Xi Jinping’s speech is widely seen as the catalyst for this weekend’s historic bitcoin price move, the timing shown on this chart suggests that the story is a little more complex than that.

Konstellation is also working with a project in our ecosystem that is looking to help Asian retail investors get exposure to top-flight investing strategies that might benefit from these extraordinary pricing meltups.

As Arthur Hayes of BitMEX said when we saw him in Taipei this summer, “Traders want more places to trade similar risk.”

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Konstellation Network (DARC)

Konstellation Network (DARC)

DARC is the fuel that drives the Konstellation Network, the infrastructure for the interoperable DeFi capital markets.

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