Bakkt's second-quarter financial report: net income reached US$13.6 million, a year-on-year increase of 60%

[Bakkt's second-quarter financial report: net income reached US$13.6 million, a year-on-year increase of 60%] On August 11, the digital asset platform Bakkt announced its second-quarter financial report. Strong growth in transactional revenue driven by loyalty redemptions. Bakkt expects net income to grow to $57 million to $62 million in 2022.

Other news:

Bitcoin futures trading platform Bakkt's turnover rose 17% in a single week: According to news on July 6, according to official data from the cryptocurrency trading platform Bakkt, Bakkt's turnover has recently climbed. In the past week, the total trading volume of the platform was 80 million US dollars, and the total futures trading volume increased by 17%; the number of open contracts increased by 18%.

At the same time, another institutional-focused futures trading platform CME futures trading data also rose, indicating that institutional investors are currently adopting a "buy and hold" investment strategy for digital currencies. In addition, the latest Bloomberg report states that over the past month, BTC futures have averaged a 1% premium. "The stable premium of Bitcoin futures is supporting the market operation, indicating that more and more institutional investors are interested in buying and holding BTC." (Cryptoslate) [2020/7/6]

Voice | Jiang Zhuoer: If Bakkt has sufficient liquidity, the impact of domestic regulation on currency prices will be further weakened: Leibit mining pool Jiang Zhuoer posted on Weibo today that if Bakkt one day becomes the most liquid transaction in BTC Therefore, the impact of domestic true and false news and regulatory actions on currency prices will be further weakened. Because in the end I found out that people don't take you to play anymore. [2019/11/29]

News | Bakkt will soon access E-Trade and TD Ameritrade: Golden Finance News Bakkt Bitcoin futures have officially started trading on September 23, and institutional trading volume is weak. How Can Individual Investors Trade Bakkt Bitcoin Futures? Bakkt told Jinse Finance that individual investors need to open a clearing account with ICE clearing members. Bakkt also said that Internet brokerage platforms E-Trade and TD Ameritrade will soon access Bakkt, after which individual investors will be able to trade Bakkt Bitcoin futures through E-Trade and TD Ameritrade. [2019/9/24]