Bakkt releases cash-settled Bitcoin options

Monday, 09. December 2019 16:17

Bakkt LLC, the digital asset exchange set up by New York Stock Exchange owner ICE has gone live on Monday with its bitcoin monthly options and cash-settled futures. In its blog post, the company said it’s using its physically-settled bitcoin contracts as a benchmark to support the new products.

Bakkt bitcoin (USD) monthly options are based on the benchmark Bakkt bitcoin (USD) monthly futures contract and the company said the options contract has no exposure to spot markets.

It is the first product of this kind regulated by the United States Commodity Futures Trading Commission (CFTC).

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Author:
Baha Breaking News (BBN) / TF