Bakkt has announced that it will launch regulated options contracts for bitcoin futures on December 9.
The company claims that this extension is
“Based on customer feedback and is designed to cover or gain bitcoin exposure, to generate revenue and to provide cost and capital efficiency.”
According to the Bakkt release, these option contracts have already been approved by the CFTC, which means they are regulated.
Daily summary of Wednesday’s Bakkt Bitcoin Monthly Futures:
? Traded contracts: 640 (+ 653%) (New ATH ?)
? Day before: 85
? All time high: 640
follow @BakktBot for realtime updates. pic.twitter.com/c8LvcnVyoa
– Bakkt Volume Bot (@BakktBot) October 24, 2019
Bakkt – a cryptocurrency trading system seems – but will continue to develop the services offered. The aim is to cover a little exploited niche compared to the traditional financial industry.
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