Representatives of the Bakkt cryptocurrency platform recently announced the launch of two new Bitcoin derivatives. Both of these products were created on the basis of settled Bitcoin futures, launched back in September this year.
We just launched two new products:
• Bakkt Bitcoin Monthly Options:
The first CFTC regulated option on futures contract for bitcoin
• Bakkt Bitcoin Cash Settled Futures:
A new cash settled futures contract available on ICE Futures Singaporehttps://t.co/7CqqZXRJKN
— Bakkt (@Bakkt) December 9, 2019
Bakkt reminded us that the origin organization ICE was established back in 2001. The company’s first product was ICE Brent Crude Oil Futures contract, and the company’s specialists created many other trading instruments over time.
Besides, company representatives have confirmed that other products are currently being developed based on settled Bitcoin futures.
Important to note is that the launch of two new derivatives became known at the end of November. Competitors are not lagging behind the trends: Bitcoin options will be launched on the СМЕ platform on January 13, 2020, and on OKEx even earlier – on December 27, 2019.