Error message
Warning: Undefined array key 0 in amp_entity_view_alter() (line 156 of modules/contrib/amp/amp.module).amp_entity_view_alter(Array, Object, Object) (Line: 545)
Drupal\Core\Extension\ModuleHandler->alter('node_view', Array, Object, Object) (Line: 304)
Drupal\Core\Entity\EntityViewBuilder->buildMultiple(Array) (Line: 238)
Drupal\Core\Entity\EntityViewBuilder->build(Array)
call_user_func_array(Array, Array) (Line: 111)
Drupal\Core\Render\Renderer->doTrustedCallback(Array, Array, 'Render #pre_render callbacks must be methods of a class that implements \Drupal\Core\Security\TrustedCallbackInterface or be an anonymous function. The callback was %s. See https://www.drupal.org/node/2966725', 'exception', 'Drupal\Core\Render\Element\RenderCallbackInterface') (Line: 788)
Drupal\Core\Render\Renderer->doCallback('#pre_render', Array, Array) (Line: 377)
Drupal\Core\Render\Renderer->doRender(Array, ) (Line: 204)
Drupal\Core\Render\Renderer->render(Array, ) (Line: 238)
Drupal\Core\Render\MainContent\HtmlRenderer->Drupal\Core\Render\MainContent\{closure}() (Line: 583)
Drupal\Core\Render\Renderer->executeInRenderContext(Object, Object) (Line: 239)
Drupal\Core\Render\MainContent\HtmlRenderer->prepare(Array, Object, Object) (Line: 128)
Drupal\Core\Render\MainContent\HtmlRenderer->renderResponse(Array, Object, Object) (Line: 90)
Drupal\Core\EventSubscriber\MainContentViewSubscriber->onViewRenderArray(Object, 'kernel.view', Object)
call_user_func(Array, Object, 'kernel.view', Object) (Line: 111)
Drupal\Component\EventDispatcher\ContainerAwareEventDispatcher->dispatch(Object, 'kernel.view') (Line: 187)
Symfony\Component\HttpKernel\HttpKernel->handleRaw(Object, 1) (Line: 76)
Symfony\Component\HttpKernel\HttpKernel->handle(Object, 1, 1) (Line: 58)
Drupal\Core\StackMiddleware\Session->handle(Object, 1, 1) (Line: 48)
Drupal\Core\StackMiddleware\KernelPreHandle->handle(Object, 1, 1) (Line: 191)
Drupal\page_cache\StackMiddleware\PageCache->fetch(Object, 1, 1) (Line: 128)
Drupal\page_cache\StackMiddleware\PageCache->lookup(Object, 1, 1) (Line: 82)
Drupal\page_cache\StackMiddleware\PageCache->handle(Object, 1, 1) (Line: 48)
Drupal\Core\StackMiddleware\ReverseProxyMiddleware->handle(Object, 1, 1) (Line: 51)
Drupal\Core\StackMiddleware\NegotiationMiddleware->handle(Object, 1, 1) (Line: 51)
Drupal\Core\StackMiddleware\StackedHttpKernel->handle(Object, 1, 1) (Line: 704)
Drupal\Core\DrupalKernel->handle(Object) (Line: 18)
Here's How Bakkt's Cash-Settled Bitcoin (BTC) Futures Fared in December
Bakkt, a subsidiary of Jeffrey Sprecher-owned Intercontinental Exchange Inc., traded 18,946 contracts of its cash-settled Bitcoin futures in December, according to the company’s latest tweet. On Dec. 16, it managed to trade as many as 2,224 contracts, which remains the highest daily volume for the recently launched product.
Bakkt™ Bitcoin (USD) Cash Settled Futures contract wrapped up December with a total of 18,946 contracts traded, setting a daily volume record of 2,224 contracts on December 16: https://t.co/Zn4xSTBObr pic.twitter.com/y6TTkwgEJz
— ICE (@ICE_Markets) January 12, 2020
Alex DovbnyaA promising start for Bakkt's cash-settled futures
As reported by U.Today, Bitcoin cash-settled monthly futures were rolled out on Dec. 9 at ICE Futures Singapore. Bakkt saw a great demand for the new product right from the get-go with more than 1,250 contracts traded on the first day.
This is a world of difference compared to the lukewarm reception of Bakkt’s physically-delivered futures whose minuscule first-day trading volume of 71 BTC cast a shadow of doubt on the success of Sprecher’s new venture.
However, Bakkt’s physical futures soon began to reach new record highs, and their daily volume eventually reached almost $50 mln worth of BTC on Dec. 19.
Facing off a major competitor
Bakkt also launched its Bitcoin options simultaneously with its futures contracts, thus taking a page out of its parent company’s playbook and diversifying the list of its products. Today, the ICE-backed crypto exchange will face some serious competition in the growing market niche.
CME Group, the leading futures exchange, is expected to launch its options contracts on Jan. 13. According to Bloomberg, CME sees “high anticipation” for the new CME product.
Related articles
Yuri Molchan
Vladislav Sopov
Dan Burgin