Bakkt Bitcoin options, cash-settled futures blast off
The Bitcoin exchange backed by the same owners of the New York Stock Exchange today announced the launch of two new products for its customers: bitcoin monthly options, and bitcoin cash-settled futures.
The bitcoin monthly options are based on monthly bitcoin futures contracts and exist within a fully legislated market-regulated by the Commodity Futures Trading Commission (CFTC)-according to Bakkt.
The bitcoin cash-settled futures, on the other hand, are available through ICE Futures Singapore and give investors a chance to invest in bitcoin while settling in cash instead of physical bitcoin contracts.
The launch of Bakkt’s cash-settled Bitcoin contracts comes ahead of schedule, as Bakkt COO Adam White indicated last month that the product would likely not be available until 2020.