Source: Bakkt or will launch bitcoin options

According to sources familiar with the Intercontinental Exchange product roadmap, the exchange's cryptocurrency joint venture Bakkt is considering launching a derivative related to the bitcoin market. Bakkt hopes to enter the Bitcoin options business, which hopes to beat rival Chicago Mercantile Exchange (CME). CME previously announced that it will launch Bitcoin options in the first quarter of 2020 and is currently awaiting review by regulators.