Bakkt Bitcoin Options and Cash Settlement Bitcoin Futures Officially Launched

Author: Liang CHE

Bitcoin options and cash-settled bitcoin futures of crypto trading platform Bakkt were officially launched on Monday.

According to Bakkt's official website, cash-settlement Bitcoin futures contracts (Bakkt ™ Bitcoin (USD) Cash Settled Monthly Futures) and Bakkt Bitcoin monthly futures options contracts (Options on Bakkt ™ Bitcoin (USD) Monthly Futures) on December 9th Singapore, London and New York have started trading.

Cash-settled monthly Bitcoin futures contracts will be listed on ICE Futures Singapore and settled by ICE Clear Singapore, both of which are regulated by the country's central bank, the Monetary Authority of Singapore (MAS). Cash-settled Bitcoin futures contracts will be settled at the price of Bakkt's physically settled Bitcoin futures contracts launched in the United States. The contract size is 1 Bitcoin and is settled in USD.

Bakkt's Bitcoin options product is based on its monthly Bitcoin futures. On Monday, crypto exchange OKEx also announced that it will launch bitcoin options trading on December 27, after the CME Group announced that it would launch bitcoin options on January 13, 2020.

Last week, Georgia Governor Brian Kemp officially appointed Bakkt CEO Kelly Loeffler as a U.S. senator. Loeffler will take office on January 1, 2020, and it is unclear whether her successor, Adam White's current chief operating officer, Adam White, will likely be Bakkt's CEO after Loeffler's new role.

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

Policy

The Crypto Circus: A Bug’s Billion-Dollar Bonanza

During the 10th day of Sam Bankman-Fried's trial, talks focused on a software glitch and the allocation of funds for ...

Policy

Jurors buckle up as Sam Bankman-Fried's criminal trial takes off with riveting jury directions

SBF faces seven charges of financial fraud in connection with FTX's downfall in November.

Blockchain

In-depth explanation of Web3 game engine: Origins and development status of racing tracks, as well as network effects.

We are pleased to see the development process at every level, the release of new games, and the emergence of new engi...

Policy

Babbitt Column | US Prosecution Investigative Exchange and Precautions

(For more details, see also Deng Jianpeng, Sun Penglei: “Intermediary Chain Supervision and Compliance Respons...

Blockchain

Sun Yuchen used capital hegemony to control Steem, causing controversy, the integrity of stolen users' voting rights was questioned

Recently, in order to prevent capital power on the chain, Steem witness nodes jointly launched a soft fork. God V des...

Blockchain

Why did the mining pool business become the "sweet bun" of the exchange?

The three major domestic institutes are all involved in the mining pool business. As an exchange, how to use its own ...