Bitcoin trading platforms note increase in trade volume, amid new Bitcoin run

Bitcoin trading platforms note increase in trade volume, amid new Bitcoin run

On Monday, the price of Bitcoin broke through the $10,500 to $11K range, which caught many people unaware. Unarguably, the uptrend has also influenced the activities of the entire Bitcoin industry. Many prominent Bitcoin trading platforms for Futures and Spot products have gained more trading volume, amid the recent performance of Bitcoin.

Bakkt sees more contracts

Bitcoin trading platform, Bakkt, a subsidiary of the Intercontinental Exchange (ICE), gained more contracts on Bitcoin Futures, leaving a relatively big gap between the previous all-time high. Reportedly on Monday, the platform recorded 8,619 traded contracts, setting a new all-time high in Futures contracts traded on the platform.

The previous all-time high in Bakkt contracts was recorded in December 2019. Then, the Bitcoin trading platform recorded 6,312 contracts, which is 2,307 contracts short from the most recent record. Now, the 24h volume on Bakkt is at $144,313,002, according to the data by Bitcoin Trade Volume.

Also, the CME Group noted an increase in Future traded on its platform. About $1.2 billion worth of Bitcoin Futures contract was reportedly traded on the exchange on Monday.

Increase in Bitcoin trading platforms for Spot

Bitcoin spot exchanges were not left out of the trend. In fact, popular spot trading platforms like Binance, and Coinbase noted a significant increase in daily trading volume. Bitcoin trading platform, Binance now notes $1,587,662,449 in 24h trading volume, followed by Coinbase and Bitstamp with $583,864,914, and $368,699,866 respectively.

One can say that the increased trading activity across these platforms relates to the recent Bitcoin moves. The price of the cryptocurrency had reached $11,400, which is considered as the highest point since August last year. Meanwhile, the price of Bitcoin has dropped to $10,960 at the time of writing.

  • Bitcoin
  • Ethereum
  • Litecoin
  • Zcash
Scan to Donate Bitcoin to bc1qcc3xajxvdqjnx2f7j7sfcfun7jagr0nh94fa2e

Donate Bitcoin to this address

Scan the QR code or copy the address below into your wallet to send some Bitcoin

Scan to Donate Ethereum to 0x704671D7591d05Dd0790E86Aee964558E9347b07

Donate Ethereum to this address

Scan the QR code or copy the address below into your wallet to send some Ethereum

Scan to Donate Litecoin to ltc1q7tj9ydra9ylkelu42vypp6cu2v0msf5lc2p5mq

Donate Litecoin to this address

Scan the QR code or copy the address below into your wallet to send some Litecoin

Scan to Donate Zcash to t1LiPaQ7gsSL23FbjXswpSoguP6yAE1xj5B

Donate Zcash to this address

Scan the QR code or copy the address below into your wallet to send some Zcash

 118 Interactions,  2 today

Crypto & Finance News