Bakkt Bitcoin futures smashes daily volume record by 36%
Despite the milestone, Bakkt’s future volumes pale in comparison to those of top crypto exchanges Binance and Huobi. Bakkt, a regulated platform for crypto asset custody and trading owned by Intercontinental Exchange, has reported record daily trading volumes for its physically-settled Bitcoin (BTC) futures contracts. On September 16, Bakkt announced that more than $200 million worth of BTC contracts had been traded over a single day — breaking its previous record by 36%. According to crypto market data aggregator Skew, the record figure is roughly double the average daily volumes posted throughout September so far. Bakkt daily Bitcoin futures volume: SkewDespite being touted as the likely catalyst for an institutional-led bull market, Bakkt’s Bitcoin derivatives failed to meet the expected impact — seeing sustained periods of complete inactivity during January of this year.
Coin Telegraph - 16th Sep 05:09