RATE Group | Bakkt Set to Smash Bitcoin Trading Volume Record in November
67754
post-template-default,single,single-post,postid-67754,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Bakkt Set to Smash Bitcoin Trading Volume Record in November

06 Nov Bakkt Set to Smash Bitcoin Trading Volume Record in November

Posted at 14:08h in Bitcoin News by

[ad_1]

Bitcoin (BTC) futures trading on the Intercontinental Exchange Bakkt platform is seeing a considerable rise in average daily volume so far this month compared to September and most of October.

Volumes yesterday, Nov. 5, hit close to their all-time-high — with 1061 traded contracts worth $10 million, a 96% increase over the previous day.

According to tracking data compiled by Twitter account Bakkt Volume Bot (@BakktBot) — which is not affiliated with Bakkt but rather with a Dutch journalist and crypto author Gert-Jan Lasterie — the platform had posted its all-time-high for traded contracts on Oct. 25. 

November on course to smash October volumes

At the current pace, Bakkt should trade over $200 million in BTC futures contracts in November. 

Bakkt Volume Bot’s data reveals that as of late October, Bitcoin futures trading has been significantly and consistently higher than during the first month of the platform’s launch.

Source: @BakktBot

BTC/USD chart, Oct. 23-Nov. 6 2019

BTC/USD chart, Oct. 23-Nov. 6 2019….

[ad_2]

Source link

Tags:
, , , , , , ,