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 top, with 1,741 futures traded on Nov. nine.

Bakkt announced the brand new file, mentioning: 

“These days we set a brand new day-to-day file of one,756 Bakkt Bitcoin Futures contracts traded.”

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

Bakkt daily volume graph

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

The brand new file quantity coincides with a pointy Bitcoin value lower, falling beneath $nine,000. The closing reported Bakkt contract buying and selling value 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 were frequently 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 big value transfer that despatched BTC over $10,000.

As Cointelegraph reported previous this week, Bakkt could also be on its option to set a brand new per 30 days 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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