Bakkt Reports Record BTC Futures Trading Volume
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28 July
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The trading volume of Bitcoin futures has reached a new record on Bakkt, The Block reports.

BTC futures yesterday reached a trading volume of 11,509 BTCs or about $124M at the current exchange rate on the platform. The last time Bakkt's trading volume experienced a sharp increase was in May, and this new high is 84% higher than the previous one, which was recorded in December 2019.

If this recent record is not taken into account, the average trading volume of Bakkt's BTC futures since the beginning of the year stands at 1,726 BTCs or $15M. This shows that the platform represents a small portion of futures trading in the market.

This upturn in trading volumes coincides with the growth of Bitcoin to an annual high of around $11,000.

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