Bakkt’s monthly bitcoin futures trading volume rises post Bitcoin’s increased volatility – Bitcoin Futures News

Bakkt has experienced a jump in the trading volume of its monthly bitcoin futures contract. The volume raised to almost 5 million on October 23, beating the volume of the past nine days collectively. The increase in bitcoin volatility follows the sudden ascend.

Bakkt, the recently launched cryptocurrency derivate exchange, witnessed a rise in the trading volume of its physically settled monthly bitcoin futures. The volume hit $4.81 million on Wednesday, rising beyond the combined volume of the past nine days trading.

The hike is likely to be the result of the increase in bitcoin volatility that surfaced yesterday, as its price slumped by around 6% or more in a span of a few minutes. Currently, the total volume of Bakkt’s monthly bitcoin futures stands at $20.22 million since its launch last month.

As calculated, the average volume concludes to be approximately $0.88 million a day over the last 23 trading days.

 

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Saloni Sheelwant
Saloni Sheelwant treasures to research and write about the new startups and technologies thriving at a very fast pace.

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