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More options to incentivize Crypto investment emerge

While the price movement in the general Crypto market remains sluggish, the innovative spirit & inclusiveness in the Cryptoverse continues to rise. The recently launched Bakkt physical bitcoin futures are beginning to take off after a rather sluggish start. The platform recorded a business of 224 contracts on Oct. 9 — a mammoth 796% jump from the previous day (chart below).

The premier digital coin BTC has been consolidating in the narrow $7800-$8800 range since the launch of the Bakkt platform. Some analysts had predicted that the timing of the recent fall of bitcoin was conspicuous due to it's overlapping the Bakkt launch. If price manipulation was in play, it remains to be seen if the recent spike in Bakkt’s futures trade volume is going to affect the BTC price in any way.

I recently wrote about the launch of two new trading products — first was the launch of Bitcoin Options by CME in Q1 2020 & the other one was a dApp that enabled the users to trade BTC binary options. While these products suit the active traders a little better, we have…