The Intercontinental Exchange's digital asset platform Bakkt has launched the first regulated Bitcoin options and cash-settled futures in the United States.
Bakkt's monthly futures contract will be a benchmark for other new productsThe news was announced in a blog post by Bakkt COO Adam White.
"By starting with the physically delivered Bakkt Bitcoin Monthly Futures, we have a benchmark contract that provides the foundation for us to develop complementary products based on the needs of our customers."
First Bitcoin options regulated by the CFTCThe two new products include Bakkt Bitcoin Monthly Options and Bakkt Bitcoin Cash-Settled Futures.
According to the post, the Bakkt's monthly options product is the first regulated Bitcoin futures contract regulated by the United States Commodity Futures Trading Commission.
The contract is based on the settlement price of the benchmark Bakkt Bitcoin monthly future contract and provides an option for participants who are unable to trade our physically delivered contract, the blog post reads.
Bakkt CEO to enter the U.S. Senate.
The news comes after Bakkt CEO Kelly Loeffler was appointed to a U.S. Senate seat.
Bakkt platform is one of the most promising cryptocurrency-related initiatives to date as its physically settled Bitcoin futures have become one of the most talked-about products in crypto.
In late November, Cointelegraph reported on another record for Bitcoin futures trading on Bakkt, which accounted for 5,600 BTC on the day.
Bakkt Launches 1st Regulated BTC Options as CEO Enters US Senate
gepubliceerd op Dec 9, 2019
by Cointele | gepubliceerd op Coinage
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