RATE Group | Bakkt Bitcoin Trading Volume Suddenly Explodes, Jumping 800%
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Bakkt Bitcoin Trading Volume Suddenly Explodes, Jumping 800%

13 Oct Bakkt Bitcoin Trading Volume Suddenly Explodes, Jumping 800%

Posted at 03:26h in Bitcoin News by

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Bitcoin futures coming to the Bakkt trading platform was expected to be one of the biggest events in the crypto calendar this year.

However, the bitcoin price slumped after Bakkt reported a lackluster performance over its first few days of trading.

Now, after a slow start, bitcoin futures contracts being traded on the Intercontinental Exchange-backed bitcoin and crypto platform finally appear to be picking up–recording a daily increase of almost 800% earlier this week.

“As we continue to build the Bakkt bitcoin futures contract, we reached a new trading record of 212 contracts traded [on Wednesday],” Bakkt said via Twitter.

“With [Wednesday’s] close, Bakkt set a new daily record of $1.93 million, bringing its total number of outstanding contracts to 1197 as of October 9, worth $10.2 million.”

The 796% surge in Bakkt daily volume…

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