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Bakkt futures volume sets new record, will BTC price rise?

December 2, 2019 / admin / 0 Comments

The Bitcoin Futures platform set a new record on Thursday.

The daily trading volume of Bitcoin Futures reached a new all-time high (ATH) on November 27, 2019

The intercontinental exchange company Bakkt announced the news here on Twitter. A total of 5,671 contracts were traded, around $ 42.52 million on the calendar day.

ICYMI: Bakkt Bitcoin's Monthly Futures of Wednesday:

Another tweet from Bakkt claims that this feature was achieved just two months after the futures platform launched. It goes on to say that 4,443 contracts were trading on the 27th, which was 60% higher than the last ATH.

Two months after their debut, Bakkt Bitcoin Futures hit a record high with 4,443 contracts traded - an increase of over 60% from our previous record day.

We look forward to building on this momentum as we near the launch of the Bakkt Bitcoin options contracts on December 9th

This data makes volume trading 6,250% higher since launch. Isn't that very exciting news for the futures platform?

What do you think? Will the Bakkt's trading volume affect the BTC price? Share your views on Facebook and Twitter pages.

As Cointelegraph reported, Sun made headlines earlier this week after pledging a $ 1 million donation to a fund specifically designed to combat negative advertising for cryptocurrency businesses. The idea came from Changpeng Zhao, CEO of the Binance exchange, after a high-profile tussle with the local industrial media company The Block.