TradeBlock research covers Bakkt's tepid market open for physically settled Bitcoin futures, the launch of Binance's staking services, and the return of price volatility post Bitcoin's big drop below $10k.
Bakkt’s futures platform had been one of the most anticipated products to launch in 2019. While Bakkt’s futures debut saw only modest volumes, trading volumes likely would increase over time. CME futures, which had experienced declining volumes in late 2018 and early 2019, have seen a recent resurgence in transactional activity. As we highlighted in one of our past weekly reports, CME bitcoin futures trading volume reached an all-time high in May and June.