Bakkt announced the brand new document, stating:
“Right this moment we set a brand new each day document 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 information, Bakkt Quantity Bot, additionally pointed out the event on Nov. 8.
Moreover, the each 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 1 Bitcoin.
Bakkt each day quantity graph. Supply: Bakkt Quantity Bot
The brand new document quantity coincides with a pointy Bitcoin value decrease, falling underneath $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 be on its solution to set a brand new month-to-month buying and selling quantity document. The corporate can be expected to launch the primary regulated Bitcoin choices contract on Dec. 9.