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Bakkt trading volume hits new high More than 625 Bitcoin future

Date:2024-06-04 18:27:55 Channel:Wallet Read:

In the field of digital currency, Bakkt has once again set off a sensation. The latest data shows that Bakkt's trading volume has once again hit a new high, exceeding 625 Bitcoin futures contracts. This news has sparked heated discussions and attention in the market, and once again highlighted the vitality and potential of the digital currency industry.

As a leading company in the digital currency market, Bakkt has always been known for its steady development and innovation capabilities. In recent years, with the continuous development and growth of the digital currency market, Bakkt, as an industry giant, has always been in a leading position. Its trading volume has reached a new high, which not only reflects the market's trust and recognition of it, but also heralds the prospects and potential of the digital currency industry.

Bakkt's success is inseparable from its strong technical support and professional team. By continuously optimizing the trading experience and improving service quality, Bakkt has won the favor of many investors. The trading volume of 625 Bitcoin futures contracts has reached a new high, which also reflects investors' enthusiasm and confidence in digital currency. The booming digital currency market has provided investors with more choices and opportunities, and has also laid a solid foundation for the further development of the industry.

Against the backdrop of fierce competition in the digital currency market, Bakkt has been able to achieve such dazzling results again, and its strength is evident. Its steady development strategy and forward-looking vision have earned it a good reputation and market position. The record high trading volume of 625 Bitcoin futures contracts has also injected new vitality and momentum into Bakkt, indicating its unlimited possibilities for future development.

The rapid development of the digital currency market has brought more investment opportunities and choices to investors. As a leading enterprise in the industry, Bakkt will continue to play a leading role and promote the healthy development of the digital currency industry. The record high trading volume of 625 Bitcoin futures contracts is not only a victory for Bakkt, but also a victory for the entire digital currency market, showing the infinite charm and potential of the digital currency industry.

In general, the record high trading volume of digital currency giant Bakkt is not only an affirmation of its past efforts, but also a display of the development potential of the digital currency industry. In the future, as the digital currency market further develops and grows, Bakkt will continue to play a leading role and contribute to the prosperity and healthy development of the industry. The future of digital currency is bright. Let us look forward to and witness the arrival of this beautiful prospect together.

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Bitcoin (BTC) futures trading volume on digital asset platform Bakkt hit a record high. According to the latest data from Bakkt operator Intercontinental Exchange (ICE), as of 4:54 a.m. GMT on October 24, the platform had traded 625 November Bitcoin futures contracts, with the last recorded transaction price set at $7,425 per Bitcoin. 11 December futures contracts have also been sold, with the latest recorded transaction price being $7,407.

Bakkt Volume Bot, a Twitter account that tracks Bakkt transactions in real time, said that by the end of today, the number of Bitcoin futures contracts is expected to reach 727.

ICE announced earlier this month that cryptocurrency investment fund Galaxy
Digital and over-the-counter trading company XBTO successfully conducted the first block trade of Bakkt Bitcoin futures contracts, but did not disclose the size of the transaction or whether the block trade was conducted in a monthly or daily settled futures contract.

Block trades are large transactions conducted outside the open market to avoid excessive price changes. On September 23, the much-anticipated physical delivery Bitcoin futures were officially launched on the Bakkt exchange. However, the trading volume in the first week of opening was only $5 million, with only 623 monthly Bitcoin futures contracts traded, and the average daily futures trading volume was 125 contracts, with 1 Bitcoin per contract. However, Bakkt's trading volume has been quite unstable since its launch. For example, the previous high was 224 Bitcoin futures contracts set on September 9, but the trading volume dropped sharply to 109 contracts the next day, a drop of 51%, and then fell another 46% on September 11. Since then, until October 23, Bakkt's trading volume has not seen a significant surge, with monthly futures contracts trading between $300 and $650 every day. Statistics show that since Bakkt was launched on September 23, its total trading volume for monthly Bitcoin futures has reached $20.22 million so far.

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