Bakkt Bitcoin Futures Print Three Consecutive Days of High Volume

After a dismal start, interest in Bakkt’s physically-settled Bitcoin futures is finally improving. The Intercontinental Exchange-backed venture has just recorded three consecutive days above $10 million in trading.

The figures still lag far behind the 24-hour Bitcoin trading volume reported at other large trading venues. Compared to the volumes reported at Bakkt’s debut in September, however, yesterday’s $12.7 million trading session seems huge.

According to the Bakkt monitoring Twitter account Bakkt Volume Bot (@BakktBot), the regulated, physically-settled futures trading platform enjoyed its third consecutive bumper day of trading yesterday. Down around 10 percent from its previous session, the exchange still saw $12.7 million worth of its contracts trade. This represents a total of 1,456 BTC. Read More...