- To expand the various kinds of products and services that they can offer, Bakkt started providing complimentary products based on customer needs.
- After announcing these two contracts, the firm said that it intends to model itself after its parent company Intercontinental Exchange.
- It is unclear as to who will lead the firm into 2020.
To expand the various kinds of products and services that they can offer, Bakkt started providing complimentary products based on customer needs like the physically delivered Bakkt Bitcoin (USD) Monthly Futures. The two new trading products have been launched on a similar pretext, i.e., to provide additional services suited to the needs of their customers –
Bakkt Bitcoin (USD) Monthly Options
This contract is the first CFTC regulating future contract option for Bitcoin, based on the benchmarking Bakkt Bitcoin (USD) Monthly Futures agreement and concluded the subordinating futures contract two days before expiry on ICE Futures. The Bakkt Bitcoin Options give important motivating forces to advertise members around the globe to support, trade and produce salary.
The cash-settled future Bakkt Bitcoin (USD)
This new cash-settled futures contract available on the Singapore ICE Futures, which provides a simple, capital-efficient way to acquire, or safeguard disclose to Bitcoin to participants in Asia and abroad. This contract takes advantage of the Bakkt Bitcoin (USD) Monthly Futures benchmark settlement price and provides an alternative for participants who cannot negotiate our physically delivered contract.
After announcing these two contracts, the firm said that it intends to model itself after its parent company Intercontinental Exchange and offer multiple products similar to the Brent Crude Oil Futures contract. It is unclear as to who will lead the firm into 2020 because their last CEO Kelly Loeffler, was tapped to take over a vacant U.S. Senate seat in Georgia.
Along with two new products that were launched today cash-settled futures also began trading on December 9 in Singapore. Over 1200 lots were trading in the new contract at last check.
Bakkt also announced earlier this November that they would announce cash-settled futures for trading on ICE Futures Singapore which is regulated by the Monetary Authority of Singapore. This is the first time U.S. based exchange has broken into a booming Asian derivatives market.
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