Crypto Futures News 

Bakkt’s Bitcoin Futures Volume Explodes 260% to Trade $11M in 24 Hours

“Institutional Bitcoin (BTC) trading platform Bakkt is on course to treble its all-time high for trade volume after hitting new records last week” writes William Suberg for cointelegraph.com. According to data from Twitter-based monitoring resource Bakkt Volume Bot on Oct. 26, Bakkt traded 1,183 Bitcoin futures contracts, or 1,183 BTC ($11 million) on Friday.One executive told mainstream media that conversely, Bakkt futures were helping Bitcoin price discovery.As Cointelegraph reported at the time, opinions were split on Bakkt’s futures — day one saw just 71 BTC (around $700,000 at the time) traded.At press time Monday, daily trading amounted to 240 BTC ($2.3 million), with the majority of the trading day still to come.
 
Source: cointelegraph.com



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