Bakkt Sets New All-Time High With $42.5 M in Bitcoin Futures

After a mediocre start, interest in the Bakkt Bitcoin futures platform is starting to look more respectable. Trade volume at the Intercontinental Exchange-owned venture yesterday topped $42.5 million — a new all-time high by a considerable margin.

Many were fast to write the Bakkt platform off as a failure when it debuted in September. Being the first fully-regulated, physically-settled Bitcoin futures exchange by a major financial-markets firm on the planet, there were huge expectations surrounding the launch. The weeks of meager trading volumes that followed were, therefore, disappointing for many observers.

However, interest has been picking up in recent weeks. Trade volume at Bakkt first broke $10 million on October 25. It then topped $15 million and $20 million on November 11 and November 22 respectively. Trade volume for the month of November has not fallen below $5 million. Read More...