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November 19, 2019
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Bakkt Bitcoin Futures Trading Volume Just Hit Another All-Time High

Bitcoin (BTC) futures every day volumes on digital asset platform Bakkt have hit a brand new all-time excessive, with 1,741 futures traded on Nov. 9.

Bakkt introduced the brand new report, stating: 

“Today we set a new daily record of 1,756 Bakkt Bitcoin Futures contracts traded.”

Volume spike coincides with Bitcoin value dip

Twitter account devoted to Bakkt futures buying and selling quantity knowledge, Bakkt Volume Bot, additionally identified the event on Nov. eight. 

Additionally, the every day quantity of 1,741 (about $15.5 million) represents a 109% improve over the 834 contracts traded the day earlier than with every contract being equal to at least one Bitcoin.

Bakkt every day quantity graph. Source: Bakkt Volume Bot

The new report quantity coincides with a pointy Bitcoin value lower, falling below $9,000. The final reported Bakkt contract buying and selling value as of press time is $eight,895.

Bakkt’s quantity rising month over month

Bakkt bodily settled month-to-month Bitcoin buying and selling volumes have been steadily rising since its launch. In October, its volumes have hit a brand new all-time excessive with 452 contracts traded

Notably, on Oct. 26, Bakkt traded 1,183 Bitcoin futures contracts after registering a staggering 257% quantity improve in 24 hours. This additionally coincided with a main value transfer that despatched BTC over $10,000.

As Cointelegraph reported earlier this week, Bakkt can also be on its technique to set a brand new month-to-month buying and selling quantity report. The firm can also be anticipated to launch the primary regulated Bitcoin choices contract on Dec. 9.

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