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Bakkt Launches United States First Regulated BTC Options
Summary: Bakkt, The Intercontinental Exchange’s (ICE) digital asset, has launched the United States first regulated Bitcoin (BTC) options and cash-settled futures, according to a blog post. Bakkt released an announcement on Dec. 9, stating that Bakkt is utilizing physically settled Bitcoin contracts to build complementary projects. The two new products are Bakkt Bitcoin (USD) Monthly Options ...
Bakkt, The Intercontinental Exchange’s (ICE) digital asset, has launched the United States first regulated Bitcoin (BTC) options and cash-settled futures, according to a blog post.
Bakkt released an announcement on Dec. 9, stating that Bakkt is utilizing physically settled Bitcoin contracts to build complementary projects. The two new products are Bakkt Bitcoin (USD) Monthly Options and Bakkt Bitcoin (USD) Cash-Settled Futures.
The monthly options product’s price discovery will occur within a federally regulated market with zero exposure to unregulated Bitcoin spot markets.
The cash-settled futures product will first be available on the approved exchange ICE Futures Singapore. The contract will be based on the settlement price of the benchmark Bakkt Bitcoin monthly future contract.
By Roland James
Tags: Bakkt,Options,regulated,U.S.
Link: Bakkt Launches United States First Regulated BTC Options [Copy]
