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Bakkt BTC Futures Trading Volume Up 796% In One Day
The trading volume of bitcoin futures on the Bakkt platform increased to 225 contracts on October 9, which is 796% more than the day before.
According to a Twitter account called @BakktBot, 224 contracts are the maximum rate for the platform. According to the bot, the daily volume increased from just 25 contracts on October 8 to 224 contracts yesterday. This phenomenon is associated with the growth of the BTC rate on October 9 – the cost increased from about $ 8,200 to $ 8,600.
Daily summary of Wednesday's Bakkt Bitcoin Monthly Futures:
? Traded contracts: 224 (+ 796%) (New ATH ?)
? Day before: 25
? New all time high: 224Follow @BakktBot for realtime updates. pic.twitter.com/gd7nu1GndG
Bakkt Volume Bot (@BakktBot) October 10, 2019
Recall that the launch of Bakkt took place on September 22nd. Then, on the first day of work, during the first few hours, the volume of futures trading amounted to 17 BTC, but by the end of the day the indicator reached 71 BTC.
By the way, on the eve of the World Federation of Exchanges, which also includes Bakkt, appealed to the Office of Financial Regulation and Supervision of the United Kingdom with a request not to prohibit the sale of crypto derivatives to retail investors. In her opinion, the regulator should find a balance in order to allow innovative financial instruments to be present in the market and be available to consumers, benefiting them.
