Bitcoin (BTC) futures volumes on Bakkt, a Digital Asset Platform, have hit a new all-time high, with 452 BTC futures contracts traded at press time.
As per historical data from Intercontinental Exchange (ICE), the operator of Bakkt said:
“Today the platform has traded 441 Bitcoin futures contracts for November 2019, with the last recorded trading price settling at $7,400 per Bitcoin. 11 futures contracts for December have been sold, with the last recorded trading price at $7,407.”
Bakkt Volume Bot, the Twitter account, which carries out live tracking on the platform, indicated that the amount of BTC futures contracts is forecasted to reach 1,089 BTC by the end of the day.
Mati Greenspan, the Senior Analyst of EToro, also noted that the contract volume surge earlier in the day.
However, Greenspan tweeted:
“Bakkt trading volume hits a record high. 334 BTC and counting.”Mati Greenspan
ICE conducts block
trade of Bakkt Bitcoin futures contract
Earlier in October, ICE executed that the first block trade of Bakkt Bitcoin futures contracts. ICE also specified that the trade was executed between Galaxy Digital – a digital assets merchant bank and XBTO – a crypto investment firm, and cleared by ED&F Man, an agricultural commodities merchant.
Thus, XBTO commented on the deal:
“Last week, we bought the first Bakkt Bitcoin Daily Futures contract and took the first physical delivery of a digital asset under existing commodity futures laws and regulations. This week, we executed the first block trade. We’re pleased to report that the launch was successful and can accommodate large trades.”
Source: theice.com | cointelegraph.com
Crypto News Point a news platform of Digital Notice Media Labs is primarily a regular publication of information, commentary and articles focused extensively on fintech, blockchain technology, cryptocurrency, blockchain-based tokens, cryptocurrency market trends, and trading strategies. We do not provide individually tailored investment advice and does not take a subscriber’s or anyone’s circumstances into consideration when discussing investments, nor is Crypto News Point registered as an investment adviser or broker-dealer in any jurisdiction. Information contained herein is not an offer or solicitation to buy, hold, or sell any digital assets.
Affiliate Disclosure: To help support the work we do here at CNP, we often link to products and deals from around the web. Should you buy some of these, we may get a portion of the sale.
We in generally gather content from the major websites. In every article there is always a clear link and attribution to the source publication. If you have any issue with any of our published content taken from your site, kindly let us know so that we can take appropriate action. In any case, the content of the pages of this website is for your general information and use only. It is subject to change without notice.