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.
Institutions hold record bullish beets in CME Bitcoin futures as the cryptocurrency shows resilience to negative news.
Open interest on the Seychelles-based cryptocurrency exchange is down nearly 50% from the $125 million observed Oct. 1.
CME has risen to second place in terms of bitcoin futures open interest, passing Binance and BitMEX.
Institutional interest in bitcoin futures has plummeted as the DeFi explosion made carry trades less attractive, said Bequant's Denis Vinokourov.
Since the announcement from U.S. regulators, BitMEX has witnessed an outflow of more than 40,000 bitcoins, currently worth more than $422 million.