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Bakkt Futures Volume Hits $122 million, as Bitcoin Reached New 11-Month High

Volumes on bitcoin futures offered by Bakkt set a record high on July 27, with 11,500 contracts traded on the institutional exchange. Altogether, the contracts are worth about $126 million, at the time of writing. Each contract is equivalent to one bitcoin (BTC). Total open interest – an indicator of the total number of outstanding contracts held by investors – reached $8 million from a low of around $4 million a few days earlier, showing that more money is flowing into the marketplace. In a tweet, Bakkt said: “Our bitcoin futures reached a new record high of 11,509 contracts traded…

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Trading Activity In BTC Futures On CME Drops To 3-Month Low

The trading activity in BTC futures listed on the Chicago Mercantile Exchange (CME) dropped to a 3-month low as we are reading more in the upcoming BTC news. The daily trading activity in BTC dropped to $87 million and hit the lowest level since April 17 when the exchange-traded contracts were worth $77 million according to the data from derivatives research platform Skew. The volume topped out at $914 million on May 11 as Bitcoin underwent its third miner reward halving and was in a declining trend ever since. The halving was expected to put a strong bid under the…

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