Bakkt Futures Exchange Posted Record All-time-highs

Right this moment, Bakkt’s bitcoin futures market registered a brand new all-time excessive with nearly 16,000 contracts traded through the day. The determine quantities to over $200 million price of buying and selling quantity as per Bakkt.

Intercontinental Change’s bitcoin derivatives arm, Bakkt, posted a recent all-time excessive immediately. The New York-based firm that began in 2018 acknowledged that the newest report in BTC futures buying and selling exercise on its platform is a 36 % soar from its earlier all-time excessive. This comes after Bakkt clocked nearly $150 million in bitcoin futures volumes final month.

Bakkt took to it’s Twitter to announce the information of its Bitcoin futures market hitting a brand new all-time excessive.

“One other report day within the books for our bodily delivered futures:

15,955 Bakkt Bitcoin Futures had been traded immediately, representing over $200M of quantity and a 36% improve from our earlier all-time excessive ”

In response to the info shared by the agency, 15955 BTC futures contracts price over $200 million modified fingers. This newest achievement represents a 36 % improve over the past recorded ATH.

Information from crypto market analytics supplier Skew reveals that open curiosity for bitcoin futures buying and selling on Bakkt moved up in direction of $16 million from $11 million clocked final Friday.

That is clearly a milestone for the platform that largely caters to bitcoin funding pursuits of institutional traders. Additionally, it comes on the heels of BTC futures buying and selling volumes doing rounds across the $150 million quantity on Bakkt on August 25 (nearly a month again).

After dipping under the $4 billion on September 4, open curiosity for Bitcoin futures reclaimed the $4 billion degree again once more on Monday. The indicator has plateaued since then. Day by day futures buying and selling volumes surged to $11 billion on Monday, moved to $12 billion yesterday after dropping down drastically from $16 billion to $8 billion.

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