Forex and Crypto News

Bakkt exchange set its record for trading bitcoin futures

11:27 11 November /2019

According to BAkkt, on November 8, 1756 Bitcoin futures contracts were concluded on the platform. This is the highest figure since the start of trading Bitcoin futures for institutional investors Bakkt.

In support of this, the Bakkt exchange tweeted:

“Today we set a new record: 1,756 bidders for bitcoin futures.”

The total volume of all contracts concluded on November 8 was $ 15.5 million. If we compare the volume of contracts with the day before, November 7, the daily growth was 109%. On November 7, 834 contracts were concluded on the Bakkt exchange.

Bakkt says that despite the low trading volumes at the start of futures contracts, they record an increase in the number of contracts daily. In October, the company announced the launch of its first regulated bitcoin option contract. At the end of last month, Bakkt also announced that it will launch an application to pay for purchases with cryptocurrencies in 2020.

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