Bakkt Bitcoin Futures Volume Sets New All-Time High

Bitcoin futures trading platform Bakkt set another all-time high for its physically settled Bitcoin (BTC) contracts yesterday.

According to the Bakkt, 17,745 contracts changed hands – a 36% rise from the previous ATH set in July.

After a slow start to life, Bakkt has really picked up this year and is regularly setting new all-time highs.

However, the trading volume is still minuscule compared with the USD settled BTC futures volumes.

What Is Bakkt?

Bakkt is a regulated platform which offers Bitcoin trading, a custody solution, and a new Bakkt cash payments app, which lets users pay for products with Bitcoin.

Bakkt is run by Nasdaq owners Intercontinental Exchange (ICE), and was launched in September 2019. Read More at Bitcoin Maximalist