Bakkt's Bitcoin Futures Volume Reaches New All-Time High

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Fri, 11/22/2019 - 18:30
Alex Dovbnya
Bakkt's Bitcoin futures have just hit their largest one-day volume of $13.4 mln
Cover image via U.Today

Cryptocurrency derivatives exchange Bakkt has just logged its highest trading daily trading volume ever of $13.4 mln worth Bitcoin futures contracts, according to data provided by the "Bakkt Volume Bot" Twitter account. The current record (1,863 BTC) is expected to be significantly extended until the end of the trading day.   

Related
Bakkt Plans to Take on CME with Cash-Settled Bitcoin Futures

This sharp spike in Bitcoin's trading volumes comes on the heels of Bitcoin's massive drop below the $7,000 level. Trends to be more active when BTC makes a major move in either direction. Notably, Bakkt also set an all-time high when the BTC price spiked by almost 40 percent on Oct. 25. 

As reported by U.Today, Bakkt is also expected to launch cash-settled BTC futures on Dec. 6. 

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.

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