Bakkt Bitcoin Futures Smashes Record, Again

Bitcoin Futures trading platform Bakkt announced record figures for its Bitcoin futures contracts on July 29, just a day after the previous record was smashed.

It’s quite a turnaround from Bakkt after falling into the background and seemingly becoming the forgotten man of the Bitcoin exchange world.

Bakkt Bitcoin Futures Smashes Record, Again

Intercontinental Exchange (ICE) subsidiary Bakkt, which many in the Bitcoin space claim to be a flop, smashed its old record on July 28 by a staggering 85%.

The July 28 record of 11,506 contracts was then smashed again just 24 hours later as a new record of 11,706 contracts were traded yesterday, July 29.

The surge in contracts followed the upswing in the Bitcoin price, which saw the leading cryptocurrency reach $11,280.

The announcement came via Bakkt’s Twitter account:

“Talk about momentum! We beat yesterday’s record with 11,706 Bakkt Bitcoin Futures traded today – that’s over $125MM of bitcoin.” Read More