Bakkt Bitcoin Futures Trading Volume Just Hit Another All-Time High

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Bitcoin futures daily volumes on digital asset platform Bakkt have hit a new all-time high, with 1,741 futures traded on Nov. 9.

"Today we set a new daily record of 1,756 Bakkt Bitcoin Futures contracts traded."

Twitter account dedicated to Bakkt futures trading volume data, Bakkt Volume Bot, also pointed out the development on Nov. 8.

The daily volume of 1,741 represents a 109% increase over the 834 contracts traded the day before with each contract being equivalent to one Bitcoin.

The new record volume coincides with a sharp Bitcoin price decrease, falling under $9,000.

The last reported Bakkt contract trading price as of press time is $8,895.

Bakkt physically settled monthly Bitcoin trading volumes have been steadily rising since its launch.

In October, its volumes have hit a new all-time high with 452 contracts traded.

Notably, on Oct. 26, Bakkt traded 1,183 Bitcoin futures contracts after registering a staggering 257% volume increase in 24 hours.

As Cointelegraph reported earlier this week, Bakkt is also on its way to set a new monthly trading volume record.