Bakkt breaks record for futures turnover amid sharp drop in bitcoin price

Bitcoin futures platform Bakkt recorded the largest cryptocurrency trading volume since its inception this Friday.

According to the Twitter bot Bakkt Volume Bot, the trading volume of the site for the last 24 hours amounted to 1,863 BTC or $ 13.4 million.



Trading continues and, if the current dynamics are maintained, according to the forecast, they can approach 3,000 BTC.

Bakkt's previous record was 1,756 BTC, which at the current rate at that time was $ 15.6 million.

The growth in trading volumes is observed against the background of a rapid decline in the bitcoin rate. Over the past day, its price fell by 10% and at some point reached $ 6,790 on major exchanges.


At the time of publication, bitcoin is trading slightly below the $ 7,200 level

CoinMarketCap also reports a significant increase in the turnover of the largest exchanges in terms of adjusted trading volume..



Bakkt previously announced the target date for the launch of its non-deliverable futures in Singapore.

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