- Bitcoin future contract volumes continue to push higher, with strong institutional interest.
- Last week trading volumes hit an all-time high, seeing 5671 contracts traded worth some $42.52 million.
Institutional demand in Bitcoin (BTC) futures continues to rise, despite the lagging price of the world’s number one crypto.
According to the Bakkt Bot, a Twitter account which provides real-time data about Bakkt’s trading activity, details that trading volumes for Bakkt’s monthly Bitcoin futures set a weekly record last week, with trading volumes topping $124 Million, representing an 89% increase from the previous weekly record.
Additionally, max open interest on Bakkt’s Bitcoin futures also set a weekly record of $4.3 Million, a 218% increase from its previous weekly record.
It comes following Bakkt’s daily trading volumes hitting an all-time high on November 27, with 5671 contracts being traded worth $42.52 Million, surpassing the previous daily record set on November 22 when volumes hit $20.3 Million.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.