Bakkt announced that it will launch a Bitcoin option contract on December 9.

Author: Liang CHE

Source: than push bitpush.news

More than the push news, the encrypted trading platform Bakkt announced that it will launch a bitcoin option contract on December 9.

Bakkt released an official blog on Wednesday saying it would launch a bitcoin option contract based on the Bitcoin monthly futures contract. On the previous day, the monthly trading contract of the Bakkt exchange just set a daily trading volume record.

0

The exchange said in a blog post,

“Bykt 9 will launch the first regulated bitcoin futures options contract from December 9. We are committed to bringing trust and usability to digital assets, and our options contracts are one of many products we develop for regulated markets. The Bakkt Bitcoin options contract will be based on the Bakkt monthly Bitcoin futures contract, which means we have taken another important step in developing this asset class for institutional investors, customers and investors."

The article also said that the launch of the new option contract comes from customer feedback. ICE Futures has self-certified at the US regulator CFTC and is pleased to be able to use benchmark futures prices and institutional-level custody to meet the demand for regulated options contracts.

Bakkt believes that its bitcoin options contracts are characterized by high capital efficiency, cash or physical settlement, low cost, large circulation and high liquidity, instant messaging systems, access to large trading opportunities, and options analysis tools.

In the article, Bakkt CEO Kelly Loeffler mentioned that

“Since the launch of Bakkt Bitcoin futures a month ago, we have been working closely with market participants to build liquidity and increase market transparency. It is worth noting that yesterday we saw a record 590 Bakkt Bitcoin monthly futures. The contract changed hands and we have completed a milestone that enables seamless physical delivery of daily and monthly Bitcoin futures contracts."

Reprinted must indicate the source.

Disclaimer: It is only the author's point of view and does not constitute investment advice. Investment is risky and at your own risk.

We will continue to update Blocking; if you have any questions or suggestions, please contact us!

Share:

Was this article helpful?

93 out of 132 found this helpful

Discover more

Opinion

Unveiling SBF's Defense Draft of up to 250 pages I did what I believed was right.

In the draft, SBF traced his development history, from his childhood in Palo Alto to the penthouse apartment he purch...

Blockchain

Will FTX liquidating $3.4 billion worth of crypto assets become the main culprit behind the market crash?

For FTX's legal team, this week will be a busy one as they seek regulatory approval to liquidate $3.4 billion worth o...

Blockchain

The Stock Exchange technology drives the AAX Exchange to be officially launched, and the four dimensions define the new industry standards.

Lead: As a next-generation digital currency trading platform, AAX leverages LSEG's Millennium ExchangeTM engine ...

Blockchain

After the delisting of FTX, Binance entered the options market, why did it choose the "American option" that is different?

Binance has been very eye-catching recently, withdrawing its own FTX tokens and preparing to launch new businesses su...

Opinion

a16z evaluates the regulation of Web3 in the United States The regulatory situation is much more optimistic

This article analyzes and rates cases involving Coinbase, Uniswap, ZeroEx, OPYN, and Deridex, and finds that the regu...

Blockchain

The kimchi premium breaks $1,000! South Korea’s "disfigured alcohol addiction" has another episode?

The quiet year's kimchi premium once again swayed, and it was a bit like the scene before the bull market in 201...