Copy link
Increase text size
Decrease text size
Link copied

Bakkt launches options and cash-settled futures products

Tue, 10 Dec 2019, 05:18 am UTC

Intercontinental Exchange’s bitcoin subsidiary Bakkt has announced the launch of options and cash-settled futures products.

Bakkt’s bitcoin daily and monthly futures went live in September this year. In an online post dated Dec. 09, Bakkt has now announced the launch of the two new products that use its benchmark physically settled bitcoin contracts.

Just as the parent firm ICE has launched several oil contracts across futures, options and swaps based on its benchmark Brent Crude Oil Futures contract, Bakkt said that it is using a “similar playbook” to expand its offerings.

“By starting with the physically delivered Bakkt Bitcoin (USD) Monthly Futures, we have a benchmark contract that provides the foundation for us to develop complementary products based on the needs of our customers,” it added.

As per the details, Bakkt Bitcoin (USD) Monthly Options is the first CFTC regulated option on futures contract for bitcoin, offering hedging, trading and income-generating opportunities to market participants worldwide. It is based on the benchmark Bakkt Bitcoin (USD) Monthly Futures contract and settles into the underlying futures contract two days prior to expiry on ICE Futures U.S.

Bakkt Bitcoin (USD) Cash Settled Futures is an alternative for participants who are unable to trade Bakkt’s physically delivered contract. Available on ICE Futures Singapore, this contract leverages the settlement price of the benchmark Bakkt Bitcoin (USD) Monthly Futures.

“These new contracts represent an important milestone in the development of this emerging asset class and our bitcoin product complex. Backed by the strong support and commitment of the Intercontinental Exchange team, we have great momentum going into 2020 and an exciting product roadmap that includes new trading products, an expanded custody offering, an innovative consumer payments app, and more,” Bakkt concluded.

Meanwhile, derivatives marketplace CME Group has set Jan. 13 as the target date for the launch of options on its bitcoin futures contracts. Crypto exchange OKEx is also launching options trading this month.

Last week, Bakkt CEO Kelly Loeffler was appointed as U.S. Senator by Georgia governor Brian Kemp. Loeffler’s appointment will come into effect on Jan. 1.

TokenPost | [email protected]

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
  • Bitcoin (BTC) $9,780.06 (-1.30%)
  • Ethereum (ETH) $253.23 (-5.42%)
  • XRP (XRP) $0.224600 (+0.84%)
  • Bitcoin Cash (BCH) $404.13 (-8.63%)
  • Bitcoin SV (BSV) $277.99 (-12.49%)
  • Bitcoin (BTC) $9,780.06 (-1.30%)
Feb 14, 2020 (Friday)
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
Israel’s stock exchange partners with Edinburgh-based startup for its Blockchain Securities Lending platform
Blockchain insurance startup B3i completes 30 reinsurance contracts on its platform
Crypto Technicals: TRON (TRX) confirms 'Golden Cross' on the daily charts, eyes 61.8% Fib at 0.0297
Crypto investment firm Galaxy Digital lays off 15% of its workforce
Circle now seeks to sell off crowdfunding unit SeedInvest: Report
SBI Crypto enters into blockchain cooperation partnership with Northern Data
Wells Fargo invests $5M in crypto monitoring firm Elliptic
Crypto Technicals: XRP/USD pauses at 0.34 handle, consolidation likely before next leg higher
Election Commission of India looks to blockchain to tackle lost votes
Crypto Technicals: 'Spinning Top' dents upside in ETH/USD, technical bias remains bullish
Crypto lending startup BlockFi secures $30M in Series B financing
Crypto Technicals: BTC/USD holds above 10,000 mark, trades rangebound at 5-DMA support
IOTA Foundation investigates fund theft in Trinity wallet
Feb 13, 2020 (Thursday)
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
U.S. Treasury Department’s FinCEN working on new crypto regulations
Defense contractor BAE Systems is hiring ‘cryptocurrency exploiters’
DTCC calls for industry consortium and comprehensive framework to address DLT security risks
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.