Bitcoin futures volume on rises
The previous trend shows a slow but steady upward trend. The CEO of Bakkt explained before the official launch of the Bitcoin Futures contracts that many large investors will observe the market and the development at the beginning and only enter later. The all-time high of the daily Bitcoin Futures contracts was reached on October 25, 2019 and amounted to 1183. The Twitter Bot of Bakkt announced that the volume rose to 1061 contracts on Tuesday and thus by 96% compared to the lecture.
Over the weekend, Bakkt reached the USD 1 million mark of Open Interest. Open interest is the sum of all open positions in a futures or options contract. Compared to the Bitcoin exchange BitMEX, however, this volume is still small, as BitMEX has already had volumes of over one billion USD.
Author : Collin Brown