Bakkt will Launch Options on Its Bitcoin Futures
Bitcoin futures exchange and digital assets platform Bakkt will release the 1st regulated options contract for Bitcoin futures on Dec. 9 of the current year. It will en essential move in creating Bitcoin class for investment firms, the consumers, as well as for investors.
The Bakkt Bitcoin Options contract will be based on the benchmark Bakkt Monthly Bitcoin Futures contract and represents another important step in developing this asset class for institutional investors https://t.co/4ZE0LIBJJP
— Bakkt (@Bakkt) October 24, 2019
As the BTC futures exchange states, among the main characteristics of the Bakkt Bitcoin Options contract are included effective usage of capital, cash or physical settlement, European-style options, attractive fees – 1.25 USD per options contract (1 contract = 1 BTC), real-time messaging, block trades and widespread distribution & liquidity.
CEO of Bakkt Kelly Loeffler notes that the new product is specifically developed to gain Bitcoin exposure. In addition, she mentioned:
“ICE Futures U.S. has self-certified the contract with the CFTC & we are excited to leverage the benchmark futures prices and institutional grade custody to meet the needs for a regulated options contract.”
It’s worth to note that in early October, the Intercontinental Exchange executed the 1st block trade of Bakkt Bitcoin futures contracts.
To find out more info about Bitcoin, check out Bitcoin Price updates and Bitcoin (BTC) Price Predictions.
