Home / Cryptocurrency / Bakkt Bitcoin Futures Trading Volume Just Hit Another All-Time High

Bakkt Bitcoin Futures Trading Volume Just Hit Another All-Time High

Bitcoin (BTC) futures day by day volumes on virtual asset platform Bakkt have hit a brand new all-time top, with 1,741 futures traded on Nov. nine.

Bakkt announced the brand new document, pointing out: 

“As of late we set a brand new day by day document of one,756 Bakkt Bitcoin Futures contracts traded.”

Quantity spike coincides with Bitcoin worth dip

Twitter account devoted to Bakkt futures buying and selling quantity knowledge, Bakkt Quantity Bot, additionally pointed out the improvement on Nov. eight. 

Moreover, the day by day quantity of one,741 (about $15.five million) represents a 109% building up over the 834 contracts traded the day sooner than with each and every contract being an identical to 1 Bitcoin.

Bakkt daily volume graph

Bakkt day by day quantity graph. Supply: Bakkt Quantity Bot

The brand new document quantity coincides with a pointy Bitcoin worth lower, falling beneath $nine,000. The ultimate reported Bakkt contract buying and selling worth as of press time is $eight,895.

Bakkt’s quantity emerging month over month

Bakkt bodily settled per 30 days Bitcoin buying and selling volumes had been ceaselessly emerging since its release. In October, its volumes have hit a brand new all-time top with 452 contracts traded. 

Significantly, on Oct. 26, Bakkt traded 1,183 Bitcoin futures contracts after registering a staggering 257% quantity building up in 24 hours. This additionally coincided with a significant worth transfer that despatched BTC over $10,000.

As Cointelegraph reported previous this week, Bakkt may be on its option to set a brand new per 30 days buying and selling quantity document. The corporate may be anticipated to release the primary regulated Bitcoin choices contract on Dec. nine.

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