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Jan 11, 2020 09:21 Bakkt Bitcoin Futures Open Interest Hits New All-Time High of $6.54M
Bitcoin (BTC) futures open interest on digital asset platform Bakkt has hit a new all-time high.
Monday’s open interest on Bakkt Bitcoin futures reached a new all-time high of $6.5 million.
The reported open interest is a 42% increase from the previous day, which was an all-time high as well. Last Friday and Saturday saw open interest records of $4.2 million and $4.3 million, respectively.
The platform’s trading volumes have been continuously breaking records since its launch in September. At the end of November, daily volumes on the platform hit a new all-time high of over $42.5 million — or 4,443 BTC at the time.
Also in November, Bakkt’s chief operating officer Adam White announced the firm’s move to include a cash-settled option in an apparent bid to further increase the platform’s popularity among investors.
Bakkt’s management could also soon start influencing United States’ cryptocurrency regulation. As Cointelegraph reported on Dec. 1, Georgia Governor Brian Kemp is expected to appoint Bakkt chief executive officer Kelly Loeffler for a United States Senate seat.
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