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Bakkt bitcoin futures daily trading volume hits record high

Trading volume in physically delivered bitcoin futures listed on Intercontinental Exchange's Bakkt platform surged to record highs on Tuesday.

  • The derivatives exchange traded record 15,955 contracts, worth more than $200 million. That's up 36% more than the previous lifetime high of 11,706 contracts on July 28, 2020.
  • Daily volumes have increased by more than 1,000% on a year-to-date basis, according to data source Skew.
  • Physically settled futures require bitcoin to be delivered on the specified delivery date rather than being traded out with offsetting contracts. 
  • "Since we first launched Bakkt nearly a year ago, we've remained committed to expanding trust in and unlocking the value of digital assets," said Adam White, president of Bakkt, said in a press release.