<p>Bitcoin derivatives provider Bakkt just logged the largest single-day trading volume of its physically-settled monthly bitcoin futures.</p> <p>The volume hit ~$15.33 million on Friday, passing its previous high of ~$10.25 million on October 25. The total volume of Bakkt’s monthly bitcoin futures now stands at $106.74 million (12,012 BTC) since its launch on Sept. 23. The average volume has been ~$3.05 million (343.2 BTC) a day over the last 35 trading days. To be sure, $15 million is a small fraction of the average daily turnover on more established crypto trading platforms, such as CME Group.</p> <figure class="graf graf--figure"><img class="graf-image" src="https://cdn-images-1.medium.com/max/1600/1*u338FDT11zsdKgNXvOaZhA.png" data-image-id="1*u338FDT11zsdKgNXvOaZhA.png" data-width="2660" data-height="1148" /></figure> <p>Bakkt recently <a href="https://www.theblockcrypto.com/linked/44872/bakkt-to-launch-consumer-app-in-first-half-of-2020-will-test-product-with-starbucks">announced</a> that its plans to launch a cryptocurrency consumer app and merchant portal in the first half of 2020 with Starbucks, the provider's first launch partner. Intercontinental Exchange (ICE) CEO Jeffrey Sprecher also <a href="https://www.theblockcrypto.com/post/45349/ice-ceo-all-kinds-of-financial-institutions-are-talking-to-bakkt">announced</a> in an earnings call that all types of financial institutions were talking to Bakkt to explore the possibility of adopting its offering. ICE is the main backer of Bakkt.</p> <div class="c-message__content c-message__content--feature_sonic_inputs" data-qa="message_content"><span class="c-message__body" dir="auto" data-qa="message-text">In October, the firm rolled out a <a href="https://twitter.com/fintechfrank/status/1191327850483372033?s=20">liquidity incentive program</a>, which is awaiting approval from the CFTC, according to a source.</span></div>