Bakkt Bitcoin Futures Buying and selling Quantity Simply Hit One other All-Time Excessive

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

Bakkt announced the brand new report, stating: 

“In the present day we set a brand new day by day report of 1,756 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 event on Nov. 8. 

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

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

The brand new report quantity coincides with a pointy Bitcoin value decrease, falling beneath $9,000. The final reported Bakkt contract buying and selling value as of press time is $8,895.

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% volume increase in 24 hours. This additionally coincided with a major price move that despatched BTC over $10,000.

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

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