Bitcoin (BTC) futures each day volumes on digital asset platform Bakkt have hit a brand new all-time excessive, with 1,741 futures traded on Nov. 9.
Bakkt introduced the brand new file, stating:
“In the present day we set a brand new each day file of 1,756 Bakkt Bitcoin Futures contracts traded.”
Quantity spike coincides with Bitcoin worth dip
Twitter account devoted to Bakkt futures buying and selling quantity knowledge, Bakkt Quantity Bot, additionally identified the event on Nov. eight.
Moreover, the each day quantity of 1,741 (about $15.5 million) represents a 109% improve 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 file quantity coincides with a pointy Bitcoin worth lower, falling beneath $9,000. The final reported Bakkt contract buying and selling worth as of press time is $eight,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% quantity improve in 24 hours. This additionally coincided with a significant worth transfer that despatched BTC over $10,000.
As Cointelegraph reported earlier this week, Bakkt can be on its strategy to set a brand new month-to-month buying and selling quantity file. The corporate can be anticipated to launch the primary regulated Bitcoin choices contract on Dec. 9.