Bitcoin (BTC) futures open interest on digital asset platform Bakkt has striking a new all-time high.

According to a December. 3 Twitter post published on Dec. 3 by Bakkt Volume Bot — a Twitter account defended to reporting Bakkt trading volumes — Monday's open up interest on Bakkt Bitcoin futures reached a new all-time high of $vi.five million.

In futures markets, open interest is the number of open contracts in the market and is often used to signal the health of the market. When at that place is a big amount of open interest, new or additional upper-case letter is flowing in.

Regularly breaking records

The reported open involvement is a 42% increment from the previous twenty-four hours, which was an all-time loftier as well. Last Friday and Saturday saw open up interest records of $iv.2 million and $4.3  million, respectively.

The platform'southward trading volumes take 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 one thousand thousand — or 4,443 BTC at the fourth dimension.

Also in November, Bakkt'southward principal operating officer Adam White announced the business firm's move to include a greenbacks-settled option in an apparent bid to further increase the platform'due south popularity amongst investors. The Intercontinental Exchange — Bakkt'south parent visitor — later confirmed the launch of the option for Dec. 9.

Bakkt's management could also before long start influencing The states' cryptocurrency regulation. Equally Cointelegraph reported on Dec. 1, Georgia Governor Brian Kemp is expected to appoint Bakkt main executive officeholder Kelly Loeffler for a United States Senate seat.