Venezuela broken volume bitcoin’s sales records and its price growed up

Venezuela’s volume amounted $130 billion while USA’s was $ 11 million and China’s was $ 72 million
01 December 2017   1790

The rapid growth of bitcoin over the past week has caused a lot of speculation about the reasons that caused it. One option is the massive demand for bitcoin in Venezuela. Its volume amounted to $130 billion. In comparison with this volume, the other two highest results are frankly small: $ 6 billion in Iran and $ 4.2 billion in Colombia.

There are other hypotheses. For example, there is a version that large investors decided to invest some of their funds in cryptocurrencies as an experiment. After all, the growth of bitcoin began not yesterday, but at the end of the year many investors assess the profitability of their investments. If large financial players invest in bitcoins, this increases confidence and demand for it.

Another reason may be a general increase in the activity of buying or exchanging bitcoins or other cryptocurrencies. Here again the principle works: the greater the demand, the higher the supply. According to this version, the whole thing is in the hype around bitcoin.

There is another version that is relevant, rather, for the US market: some analysts say that the interest and demand for bitcoins and the cryptocurrency market led to Thanksgiving and a holiday weekend, as families gathered and discussed the most important developments and technologies, including bitcoin.

Bakkt to Unveil Bitcoin Futures Test Date

Along with date announcement, COO Bakkt believes the platform will attract institutional investors and set new standards for the cryptocurrency market
14 June 2019   236

The Bakkt cryptocurrency platform has named the exact start date for testing Bitcoin futures. The first users will be allowed to test the tool on July 22.

According to Bakkt's Operations Director, Adam White, the platform will attract institutional investors and set new standards for the cryptocurrency market.

White pointed out that the wider distribution of cryptocurrencies, in particular, is hampered by unreliable pricing mechanisms and the likelihood of instantly falling rates.

Along with these problem-solving solutions that are new to digital asset markets, Bakkt also brings all the other features that institutions would expect in a versatile and broadly accessible market, including: block trades; a fee holiday through the end of the year to encourage trading; market maker incentive programs to encourage liquid markets; and integrations with ISVs and regulated brokerage platforms.
 

Adam White

COO, Bakkt

At Bakkt, two futures contracts will be presented - with daily and monthly settlements. Risk management and the securing mechanism for these contracts will meet the standards of the traditional derivatives market.