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Bakkt Futures Volume Sets a New Record, Will BTC Price Surge?

The Bitcoin Futures platform has gained a new record this Thursday. The daily trading volume of Bitcoin Futures has reached a new All-Time-High (ATH) on 27/11/2019. Intercontinental Exchange-owned Bakkt has announced the news on Twitter. A total of 5,671 contracts traded, around $42.52 million on the calendar date. 

Another tweet from Bakkt claims that this feat has been achieved just within 2 months of the launch of the Futures platform. It further says that 4,443 contracts were traded on 27th which was 60% higher than it’s last ATH.

This data makes the volume trading up by 6,250% since launch. Isn’t it a piece of very exciting news for the Futures platform. 

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

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Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

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