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 file, declaring: 

“Nowadays we set a brand new day by day file 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 advance on Nov. eight. 

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

Bakkt daily volume graph

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

The brand new file 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 month Bitcoin buying and selling volumes had been regularly 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 build up in 24 hours. This additionally coincided with a big worth transfer that despatched BTC over $10,000.

As Cointelegraph reported previous this week, Bakkt could also be on its strategy to set a brand new per month buying and selling quantity file. The corporate could also be anticipated to release the primary regulated Bitcoin choices contract on Dec. nine.

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