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-to-day volumes on virtual asset platform Bakkt have hit a brand new all-time prime, with 1,741 futures traded on Nov. nine.

Bakkt announced the brand new document, pointing out: 

“Lately we set a brand new day-to-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 information, Bakkt Quantity Bot, additionally pointed out the advance on Nov. eight. 

Moreover, the day-to-day quantity of one,741 (about $15.five million) represents a 109% build up over the 834 contracts traded the day ahead of with every contract being identical to at least one Bitcoin.

Bakkt daily volume graph

Bakkt day-to-day quantity graph. Supply: Bakkt Quantity Bot

The brand new document quantity coincides with a pointy Bitcoin worth lower, falling underneath $nine,000. The closing 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 were continuously emerging since its release. In October, its volumes have hit a brand new all-time prime with 452 contracts traded. 

Particularly, 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 may be on its technique to set a brand new per month 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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