The new Bakkt Bitcoin Cash Settled Monthly Futures will enable investors to “gain or hedge exposure in bitcoin markets.”
The new contract will be listed on ICE Futures Singapore and cleared by ICE Clear Singapore, which are regulated by the Monetary Authority of Singapore.
ICE serves as the operator of exchanges and the clearinghouses for assets and their derivatives in the financial markets.
Adam White, the COO of Bakkt tweeted,
The first cash-settled #bitcoin futures contract with a settlement price exclusively from a regulated market coming Dec 9th via @ICE_Markets and @Bakkt
Make to mistake, CBOE and CME futures contracts were the first regulated cash-settled
The Bakkt Bitcoin (USD) Monthly Futures contract stirred the crypto markets for about two years before its launch. While the hype that came with it soon disappeared after a soft launch, it has seen considerable growth since then.
How long do you think before Bakkt will launch options in the markets as well? Please share your views with us.
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