Bakkt launching regulated Bitcoin options contracts December 2019

posted about 2 months ago
Bakkt will be launching the first regulated options contracts for Bitcoin futures on Dec. 9th. The key features of Bakkt Bitcoin options contracts include capital efficiency, cash or physical settlement, European-style options, low fees, as well as instant messaging, block trades and options analytics.

CEO Kelly Loeffler said the new product is designed to hedge or gain Bitcoin exposure. “ICE Futures US has self-certified the contract with the CFTC and we’re excited to leverage the benchmark futures prices and institutional-grade custody to meet the needs for a regulated options contract.”
Tags: bitcoin, news