Bakkt reports new record bitcoin-futures trading volume

On September 15, the daily volume of physically delivered bitcoin futures on Bakkt reached 15,955 BTC (more than $200 million at the time of the announcement or approximately $180 million at the time of publication).

\n

According to the company, compared with the previous all-time high at the end of August, the increase stood at 36%.

\n

\n

Another record day in the books for our physically delivered futures:

\n

15,955 Bakkt Bitcoin Futures were traded today, representing over $200M of volume and a 36% increase from our previous all-time high 📈

\n

— Bakkt (@Bakkt) September 15, 2020

\n

\n

Данные: skew

\n

Activity on the Chicago Mercantile Exchange (CME) was muted — only $262 million.

\n

Данные: skew

\n

Unlike CME, Bakkt settles the contract in the exchange’s own asset, i.e., in Bitcoin.

\n

Despite the new record, activity on Bakkt remains well below the figures posted by the leading crypto exchanges. The perpetual futures volume for the BTC/USDT pair on Binance was $2.65 billion, for BTC/USD on Huobi $1.28 billion, and for BTC/USD on OKEx $516 million.

\n

The only exchange lower was Deribit at $168 million.

\n

Earlier, the analytics software provider MicroStrategy said it bought an additional 16,796 BTC for $175 million. The aggregate investment in the first cryptocurrency, including fees and expenses, is estimated at $425 million.

\n

Subscribe to ForkLog’s news on Telegram: ForkLog FEED — the full feed of news, ForkLog — the most important news and polls.