The Bakkt Volume Bot tweeted the volume reported by the ICE-backed futures platform at just19 percent the way through the day. At 286 BTC, if trading continues at the same pace, a total of 1,506 Bitcoin contracts will have been traded today. This would represent a huge increase in the platform’s previous all-time high. Just two days ago, on October 23, a total of 640 contracts were traded on Bakkt — an increase of 653 percent on the previous day.∙ Today's volume so far: 286 BTC
— Bakkt Volume Bot (@BakktBot) October 25, 2019
∙ Last traded price: $7,655.00
∙ Trading day progress: 19% (if this continues: 100% equals to 1506 BTC)
As BeInCrypto reported, the Bakkt Volume Bot reported that a total of 370 BTC worth of contracts had been traded at just a third of the way through Wednesday. This would have put the total for the day at 1,089 contracts. Although the performance ended up falling massively short of this, it was still by far the most interest the platform had seen within a 24-hour period. Of course, there might well be another tail off in interest as today progresses. However, at just a fifth of the way through trading, the Bitcoin futures contract volume is already higher than on any other day in the platform’s brief history — excluding October 23 and 24.ICYMI: Wednesday's Bakkt Bitcoin Monthly Futures:
— Bakkt Volume Bot (@BakktBot) October 24, 2019
💸 Traded contracts: 640 (+653%) (New ATH 🚀)
📈 Day before: 85
🚀 All time high: 640
*bleep blop* tip sats: https://t.co/TF6sNUwWpO 🤖 pic.twitter.com/cUG9qzf47E
In other Bakkt news, the platform announced yesterday the launch of new derivatives products coming on December 9. The new options on Bitcoin futures offered at the exchange may well translate into even greater interest in Bakkt towards the end of the year. Bakkt CEO Kelly Loeffler wrote in a blog post that the new products were inspired by customer demand.
Did you know you can trade sign-up to trade Bitcoin and many leading altcoins with a multiplier of up to 100x on a safe and secure exchange with the lowest fees — with only an email address? Well, now you do! Click here to get started on StormGain!
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
