Bakkt platform has yet again hit a new ATH. A recent tweet by Bakkt Volume Bot, leading derivatives market data provider has revealed that more than $20.3 million or 2738 monthly futures contracts were traded in Bitcoin on the 22nd of November.
The new volume is 30% higher than the previous all-time high achieved on Nov. 8 . On that day 1741 contracts were traded. Also, the new volume recorded is 66% more than the volume recorded on the 21st of November.
As a matter of fact, the open interest is also up by 29% in a span of 24 hours and is currently $1.75 million. While Bakkt had started at a turtle’s pace, there has been a gradual increase in the volume of Bakkt’s Bitcoin[BTC] Futures. Interestingly, the new record volume is accompanied by a drop in Bitcoin price. The Bitcoin[BTC] price fell below $7000 on Friday.
A Look At Bakkt’s Recent Developments
As reported by Coingape, Bakkt recently extended Bitcoin[BTC] custody to all institutions. With this development, clients all over the world can now safeguard their assets using Bakkt’s enterprise-grade offering. Furthermore, it also received authorization from the New York Department of Financial Services (NYDFS) to offer Bitcoin [BTC] custody to all institutions. Read More...